Waverton Investment Management Ltd grew its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 25.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,948 shares of the construction company's stock after purchasing an additional 38,329 shares during the period. Vulcan Materials makes up 0.8% of Waverton Investment Management Ltd's investment portfolio, making the stock its 29th largest holding. Waverton Investment Management Ltd owned approximately 0.14% of Vulcan Materials worth $47,302,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of VMC. SouthState Corp raised its position in shares of Vulcan Materials by 669.2% in 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 position in Vulcan Materials during the second quarter valued at $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Vulcan Materials during the 3rd quarter valued at $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 valued at $31,000 after acquiring an additional 47 shares during the period. Finally, Concord Wealth Partners bought a new stake in Vulcan Materials during the third quarter worth about $35,000. 90.39% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts recently weighed in on the company. Citigroup cut their price target 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. JPMorgan Chase & Co. lowered their price target on Vulcan Materials from $250.00 to $245.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. StockNews.com upgraded shares of Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Truist Financial upped their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada decreased their price objective on shares of Vulcan Materials from $267.00 to $257.00 and set a "sector perform" rating for the company in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Vulcan Materials has an average rating of "Moderate Buy" and an average price target of $280.46.
View Our Latest Stock Report on VMC
Vulcan Materials Trading Down 1.3 %
Shares of Vulcan Materials stock traded down $3.66 during trading on Tuesday, hitting $288.38. The stock had a trading volume of 783,328 shares, compared to its average volume of 845,588. The stock has a market cap of $38.08 billion, a PE ratio of 45.49, a PEG ratio of 2.81 and a beta of 0.81. Vulcan Materials has a 12 month low of $209.39 and a 12 month high of $298.31. The firm's fifty day simple moving average is $252.67 and its 200-day simple moving average is $253.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02.
Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results 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). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm had revenue of $2 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. Vulcan Materials's quarterly revenue was down 8.3% compared to the same quarter last year. As a group, sell-side analysts expect that Vulcan Materials will post 7.2 EPS for the current fiscal year.
Vulcan Materials Dividend Announcement
The firm 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. This represents a $1.84 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Monday, November 4th. Vulcan Materials's dividend payout ratio (DPR) is presently 29.02%.
About Vulcan Materials
(
Free Report)
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.
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