IFM Investors Pty Ltd Raises Stock Position in Vulcan Materials (NYSE:VMC)

IFM Investors Pty Ltd grew its holdings in Vulcan Materials (NYSE:VMC) by 15.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,289 shares of the construction company’s stock after acquiring an additional 4,264 shares during the period. IFM Investors Pty Ltd’s holdings in Vulcan Materials were worth $8,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Register Financial Advisors LLC bought a new position in Vulcan Materials in the 1st quarter worth approximately $27,000. SouthState Corp boosted its position in shares of Vulcan Materials by 669.2% during the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after acquiring an additional 87 shares during the last quarter. Kings Path Partners LLC purchased a new position in Vulcan Materials during the second quarter valued at $27,000. UMB Bank n.a. increased its holdings in Vulcan Materials by 61.8% in 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 last quarter. Finally, Concord Wealth Partners purchased a new stake in Vulcan Materials in the 1st quarter worth $34,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

VMC has been the topic of several research reports. Truist Financial reduced their target price on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada reduced their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Stephens lowered their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Citigroup reduced their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $272.45.

Vulcan Materials Stock Up 0.2 %

Shares of NYSE:VMC opened at $256.61 on Friday. The firm has a market capitalization of $33.94 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 2.32 and a beta of 0.82. The business has a 50 day simple moving average of $245.50 and a two-hundred day simple moving average of $252.20. 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 posted 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 analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the firm earned $2.29 EPS. Vulcan Materials’s revenue was down 4.7% compared to the same quarter last year. On average, equities analysts predict that Vulcan Materials will post 7.62 EPS for the current year.

Vulcan Materials Dividend Announcement

The business 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 $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s dividend payout ratio is presently 26.86%.

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.