Natixis Advisors LLC Acquires 16,909 Shares of Vulcan Materials (NYSE:VMC)

Natixis Advisors LLC increased its stake in Vulcan Materials (NYSE:VMC - Free Report) by 10.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 181,739 shares of the construction company's stock after buying an additional 16,909 shares during the period. Natixis Advisors LLC owned 0.14% of Vulcan Materials worth $45,513,000 as of its most recent SEC filing.

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

Vulcan Materials Price Performance

VMC stock traded down $0.54 during trading on Monday, hitting $278.74. The company had a trading volume of 491,496 shares, compared to its average volume of 842,391. The firm has a market capitalization of $36.81 billion, a price-to-earnings ratio of 44.05, a P/E/G ratio of 2.68 and a beta of 0.81. Vulcan Materials has a fifty-two week low of $209.39 and a fifty-two week high of $298.31. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average of $256.67 and a 200 day moving average of $254.05.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts' consensus estimates of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business posted $2.29 earnings per share. The business's quarterly revenue was down 8.3% compared to the same quarter last year. As a group, research analysts predict that Vulcan Materials will post 7.2 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials's dividend payout ratio (DPR) is presently 29.02%.

Wall Street Analyst Weigh In

VMC has been the subject of a number of recent analyst reports. Citigroup decreased their price target on Vulcan Materials from $297.00 to $292.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. StockNews.com upgraded Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. UBS Group began coverage on Vulcan Materials in a research note on Thursday, November 7th. They issued a "buy" rating and a $349.00 target price for the company. Truist Financial upped their target price on Vulcan Materials from $300.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Stephens lowered their target price 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. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $280.46.

About Vulcan Materials

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.