Geode Capital Management LLC Purchases 33,061 Shares of Vulcan Materials (NYSE:VMC)

Geode Capital Management LLC boosted its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,311,585 shares of the construction company's stock after buying an additional 33,061 shares during the period. Geode Capital Management LLC owned approximately 2.51% of Vulcan Materials worth $826,644,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of VMC. SouthState Corp lifted its position in Vulcan Materials by 669.2% in the 2nd quarter. SouthState Corp now owns 100 shares of the construction company's stock valued at $25,000 after acquiring an additional 87 shares in the last quarter. Kings Path Partners LLC acquired a new stake in shares of Vulcan Materials in the 2nd quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Vulcan Materials in the third quarter valued at about $30,000. UMB Bank n.a. boosted its position 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 buying an additional 47 shares during the period. Finally, Concord Wealth Partners acquired a new stake in Vulcan Materials in the 3rd quarter valued at approximately $35,000. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Trading Down 0.5 %

NYSE:VMC traded down $1.31 during trading hours on Thursday, hitting $278.25. 689,718 shares of the company were exchanged, compared to its average volume of 832,872. The company has a fifty day simple moving average of $270.88 and a 200 day simple moving average of $256.53. Vulcan Materials has a one year low of $218.37 and a one year high of $298.31. The stock has a market capitalization of $36.75 billion, a price-to-earnings ratio of 43.82, a price-to-earnings-growth ratio of 2.77 and a beta of 0.81. 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 (NYSE:VMC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business's revenue was down 8.3% on a year-over-year basis. During the same period last year, the business posted $2.29 earnings per share. Sell-side analysts expect that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 4th were issued a dividend of $0.46 per share. The ex-dividend date was Monday, November 4th. This represents a $1.84 annualized dividend and a yield of 0.66%. Vulcan Materials's dividend payout ratio (DPR) is currently 29.02%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a report on Friday, November 1st. Barclays boosted their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. StockNews.com raised Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Finally, UBS Group initiated coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a "buy" rating and a $349.00 price target on the stock. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Vulcan Materials presently has an average rating of "Moderate Buy" and a consensus target price of $283.92.

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.