Geneva Capital Management LLC Buys 9,980 Shares of Vulcan Materials (NYSE:VMC)

Geneva Capital Management LLC boosted its position in Vulcan Materials (NYSE:VMC - Free Report) by 20.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,536 shares of the construction company's stock after acquiring an additional 9,980 shares during the period. Geneva Capital Management LLC's holdings in Vulcan Materials were worth $14,659,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. SouthState Corp boosted its holdings in Vulcan Materials by 669.2% in the second quarter. SouthState Corp now owns 100 shares of the construction company's stock valued at $25,000 after acquiring an additional 87 shares during the last quarter. Kings Path Partners LLC bought a new position in Vulcan Materials in the second quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new position in Vulcan Materials in the third quarter valued at about $30,000. UMB Bank n.a. lifted its stake in Vulcan Materials by 61.8% in the second 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 about $35,000. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Down 0.1 %

Vulcan Materials stock traded down $0.27 during midday trading on Wednesday, reaching $288.11. The stock had a trading volume of 213,825 shares, compared to its average volume of 842,719. The firm's fifty day simple moving average is $253.66 and its 200-day simple moving average is $253.55. Vulcan Materials has a 1-year low of $209.39 and a 1-year high of $298.31. The stock has a market capitalization of $38.05 billion, a P/E ratio of 45.67, a price-to-earnings-growth ratio of 2.77 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86.

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 (EPS) 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 firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the business posted $2.29 EPS. The firm's quarterly revenue was down 8.3% compared to the same quarter last year. As a group, analysts expect that Vulcan Materials will post 7.2 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on VMC. StockNews.com raised Vulcan Materials from a "sell" rating to a "hold" rating in a research note 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 on the stock. JPMorgan Chase & Co. cut their target price on Vulcan Materials from $250.00 to $245.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Citigroup cut their target price on Vulcan Materials from $297.00 to $292.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Finally, Barclays increased their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $280.46.

Vulcan Materials 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.