SRS Capital Advisors Inc. Sells 220 Shares of Vulcan Materials (NYSE:VMC)

SRS Capital Advisors Inc. reduced its position in Vulcan Materials (NYSE:VMC) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,188 shares of the construction company’s stock after selling 220 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Vulcan Materials were worth $1,290,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Vulcan Materials by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock valued at $4,368,273,000 after purchasing an additional 755,991 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Vulcan Materials by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 4,494,455 shares of the construction company’s stock valued at $1,226,627,000 after purchasing an additional 83,601 shares during the last quarter. Capital World Investors bought a new stake in shares of Vulcan Materials in the 1st quarter valued at $388,027,000. Dimensional Fund Advisors LP boosted its stake in shares of Vulcan Materials by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,256,372 shares of the construction company’s stock valued at $285,200,000 after purchasing an additional 83,337 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Vulcan Materials in the 4th quarter valued at $282,528,000. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Down 0.1 %

Shares of NYSE VMC traded down $0.19 during mid-day trading on Friday, reaching $231.97. 1,161,464 shares of the company’s stock traded hands, compared to its average volume of 808,556. The stock has a market cap of $30.63 billion, a P/E ratio of 33.86, a PEG ratio of 2.15 and a beta of 0.82. The business has a 50-day simple moving average of $249.39 and a 200 day simple moving average of $257.00. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $278.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.66.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business earned $2.29 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, analysts expect that Vulcan Materials will post 7.82 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Thursday, August 15th. Vulcan Materials’s payout ratio is currently 26.86%.

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $249.50, for a total transaction of $249,500.00. Following the transaction, the senior vice president now directly owns 1,660 shares of the company’s stock, valued at $414,170. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial cut their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada cut their target price on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Stephens cut their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Loop Capital cut their target price on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Finally, Citigroup cut their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $274.73.

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.