Asset Management One Co. Ltd. Reduces Stake in Vulcan Materials (NYSE:VMC)

Asset Management One Co. Ltd. lessened its position in shares of Vulcan Materials (NYSE:VMC) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,181 shares of the construction company’s stock after selling 892 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Vulcan Materials were worth $16,073,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SouthState Corp increased its position in shares of Vulcan Materials by 669.2% during the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after purchasing an additional 87 shares during the last quarter. Kings Path Partners LLC bought a new position in Vulcan Materials in the second quarter worth approximately $27,000. UMB Bank n.a. boosted its stake in shares of Vulcan Materials by 61.8% during the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after acquiring an additional 47 shares during the last quarter. Concord Wealth Partners purchased a new position in shares of Vulcan Materials during the 3rd quarter worth $35,000. Finally, Manchester Capital Management LLC increased its stake in shares of Vulcan Materials by 1,218.2% in the 1st quarter. Manchester Capital Management LLC now owns 145 shares of the construction company’s stock worth $40,000 after purchasing an additional 134 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Barclays lifted their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Citigroup decreased 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. JPMorgan Chase & Co. dropped their price target on shares of 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 raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Truist Financial lifted their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and nine have given 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 $274.75.

Vulcan Materials Trading Up 1.4 %

Shares of Vulcan Materials stock opened at $272.67 on Wednesday. Vulcan Materials has a twelve month low of $206.11 and a twelve month high of $279.47. 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 business has a 50-day moving average price of $248.71 and a 200-day moving average price of $252.40. The firm has a market cap of $36.01 billion, a price-to-earnings ratio of 43.01, a PEG ratio of 2.56 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last released its quarterly 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). The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.29 EPS. Equities research analysts anticipate that Vulcan Materials will post 7.32 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. Investors of record on Monday, November 4th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s payout ratio is 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.