Bamco Inc. NY Raises Holdings in Vulcan Materials (NYSE:VMC)

Bamco Inc. NY boosted its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 289,493 shares of the construction company's stock after acquiring an additional 24,790 shares during the quarter. Bamco Inc. NY owned 0.22% of Vulcan Materials worth $72,498,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SouthState Corp grew its holdings in Vulcan Materials by 669.2% during the 2nd quarter. SouthState Corp now owns 100 shares of the construction company's stock worth $25,000 after acquiring an additional 87 shares in the last quarter. Kings Path Partners LLC purchased a new stake in Vulcan Materials in the second quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Vulcan Materials in the 3rd quarter valued at $30,000. UMB Bank n.a. lifted its holdings in shares of Vulcan Materials by 61.8% in the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company's stock valued at $31,000 after buying an additional 47 shares during the period. Finally, Concord Wealth Partners acquired a new position in Vulcan Materials in the third quarter valued at approximately $35,000. Institutional investors own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

VMC has been the topic of several research analyst reports. Royal Bank of Canada dropped 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. JPMorgan Chase & Co. boosted their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, November 27th. Citigroup dropped their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Stephens decreased their price target on Vulcan Materials from $300.00 to $280.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. Finally, Truist Financial increased their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $283.92.

Vulcan Materials Stock Performance

Vulcan Materials stock traded down $1.09 during mid-day trading on Monday, reaching $287.04. 301,184 shares of the company were exchanged, compared to its average volume of 832,933. The firm's 50-day simple moving average is $265.28 and its two-hundred day simple moving average is $255.16. Vulcan Materials has a twelve month low of $210.85 and a twelve month high of $298.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The firm has a market cap of $37.91 billion, a PE ratio of 45.45, a price-to-earnings-growth ratio of 2.79 and a beta of 0.81.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm posted $2.29 EPS. The business's revenue for the quarter was down 8.3% on a year-over-year basis. Equities analysts predict that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials's dividend payout ratio (DPR) is 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.