Wellington Management Group LLP Has $230,000 Stake in Vulcan Materials (NYSE:VMC)

Wellington Management Group LLP decreased its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 99.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 918 shares of the construction company's stock after selling 491,805 shares during the quarter. Wellington Management Group LLP's holdings in Vulcan Materials were worth $230,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of VMC. SouthState Corp boosted its position 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 during the period. Kings Path Partners LLC acquired a new stake in shares of Vulcan Materials in the 2nd quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Vulcan Materials during the third quarter valued at approximately $30,000. UMB Bank n.a. boosted its stake in Vulcan Materials by 61.8% during the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company's stock valued at $31,000 after purchasing an additional 47 shares in the last quarter. Finally, Concord Wealth Partners acquired a new position in shares of Vulcan Materials during the 3rd quarter valued at $35,000. Institutional investors own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on VMC shares. 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. Truist Financial upped their price target on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a report on Friday, November 1st. UBS Group started coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a "buy" rating and a $349.00 target price on the stock. StockNews.com upgraded Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $284.33.

Vulcan Materials Stock Up 0.8 %

Shares of NYSE VMC traded up $2.21 during mid-day trading on Friday, reaching $263.13. The company had a trading volume of 1,998,134 shares, compared to its average volume of 836,535. The stock has a fifty day moving average of $274.90 and a two-hundred day moving average of $257.34. Vulcan Materials has a 12-month low of $218.37 and a 12-month high of $298.31. The company has a market capitalization of $34.75 billion, a price-to-earnings ratio of 41.50, a PEG ratio of 2.67 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 released 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 return on equity of 11.88% and a net margin of 11.43%. The company had revenue of $2 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the previous year, the company earned $2.29 EPS. The firm's quarterly revenue was down 8.3% compared to the same quarter last year. As a group, equities research analysts expect that Vulcan Materials will post 7.16 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials's payout ratio is currently 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.