Greenleaf Trust Buys 134 Shares of Vulcan Materials (NYSE:VMC)

Greenleaf Trust raised its position in shares of Vulcan Materials (NYSE:VMC) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,784 shares of the construction company’s stock after purchasing an additional 134 shares during the period. Greenleaf Trust’s holdings in Vulcan Materials were worth $697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. SouthState Corp grew its stake in shares of 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. Register Financial Advisors LLC bought a new position in Vulcan Materials during the first quarter worth about $27,000. Kings Path Partners LLC purchased a new position in shares of Vulcan Materials in the second quarter worth about $27,000. UMB Bank n.a. raised its position in shares of Vulcan Materials by 61.8% in the second 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 during the period. Finally, Concord Wealth Partners purchased a new stake in shares of Vulcan Materials during the 1st quarter valued at approximately $34,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $256.61 on Friday. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $278.79. The firm’s fifty day moving average price is $245.50 and its 200-day moving average price is $252.20. The stock has a market cap of $33.94 billion, a P/E ratio of 37.46, a price-to-earnings-growth ratio of 2.32 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.12). The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $2.29 EPS. On average, equities research analysts expect that Vulcan Materials will post 7.62 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be issued a $0.46 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.72%. Vulcan Materials’s payout ratio is 26.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on VMC shares. Royal Bank of Canada lowered 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 report on Wednesday, August 7th. Citigroup cut their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Truist Financial decreased their price target on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. cut their price objective 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. Finally, Stephens decreased their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $272.45.

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.