Vulcan Materials (NYSE:VMC) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its stake in Vulcan Materials (NYSE:VMC - Free Report) by 22.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,698 shares of the construction company's stock after purchasing an additional 2,354 shares during the period. Cerity Partners LLC's holdings in Vulcan Materials were worth $3,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. United Asset Strategies Inc. lifted its holdings in shares of Vulcan Materials by 1.1% during the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company's stock valued at $938,000 after purchasing an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Vulcan Materials by 2.3% in the third quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company's stock valued at $498,000 after buying an additional 44 shares during the last quarter. Marcum Wealth LLC boosted its holdings in Vulcan Materials by 5.7% in the third quarter. Marcum Wealth LLC now owns 854 shares of the construction company's stock worth $214,000 after acquiring an additional 46 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company's stock worth $31,000 after acquiring an additional 47 shares during the last quarter. Finally, Golden State Equity Partners grew its stake in shares of Vulcan Materials by 4.5% during the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company's stock worth $275,000 after acquiring an additional 47 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of recent analyst reports. UBS Group started coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They issued a "buy" rating and a $349.00 target price for the company. StockNews.com raised shares of Vulcan Materials from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Stephens reduced their target price on Vulcan Materials from $300.00 to $280.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. Truist Financial lifted their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada cut their price objective on Vulcan Materials from $267.00 to $257.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials currently has an average rating of "Moderate Buy" and a consensus target price of $283.92.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock traded up $1.74 during trading hours on Friday, reaching $288.13. The stock had a trading volume of 355,153 shares, compared to its average volume of 806,363. The stock's 50 day moving average is $265.28 and its 200 day moving average is $255.16. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. Vulcan Materials has a twelve month low of $209.60 and a twelve month high of $298.31. The firm has a market capitalization of $38.05 billion, a PE ratio of 45.45, a PEG ratio of 2.79 and a beta of 0.81.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the prior year, the company posted $2.29 EPS. The business's revenue for the quarter was down 8.3% compared to the same quarter last year. Equities analysts expect that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials's dividend payout ratio is presently 29.02%.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.