2,678 Shares in Vulcan Materials (NYSE:VMC) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new position in shares of Vulcan Materials (NYSE:VMC - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,678 shares of the construction company's stock, valued at approximately $671,000.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock valued at $1,332,431,000 after buying an additional 884,580 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Vulcan Materials by 18.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company's stock valued at $533,551,000 after acquiring an additional 330,433 shares during the period. Ceredex Value Advisors LLC increased its stake in shares of Vulcan Materials by 136.3% in the 3rd quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company's stock valued at $89,117,000 after purchasing an additional 205,260 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Vulcan Materials by 32.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company's stock worth $184,353,000 after purchasing an additional 178,634 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Vulcan Materials by 1,191.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,005 shares of the construction company's stock worth $39,541,000 after purchasing an additional 146,695 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Trading Up 0.4 %

NYSE:VMC traded up $1.23 on Monday, hitting $277.00. The stock had a trading volume of 590,257 shares, compared to its average volume of 830,485. The company has a fifty day moving average price of $272.31 and a two-hundred day moving average price of $256.85. Vulcan Materials has a 1-year low of $218.37 and a 1-year high of $298.31. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The stock has a market cap of $36.58 billion, a price-to-earnings ratio of 43.50, a PEG ratio of 2.67 and a beta of 0.81.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($0.12). The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The company's revenue was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 earnings per share. Equities research analysts expect that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 4th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials's payout ratio is 29.02%.

Wall Street Analysts Forecast Growth

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

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.