Independent Advisor Alliance Decreases Stake in Vulcan Materials (NYSE:VMC)

Independent Advisor Alliance lessened its holdings in shares of Vulcan Materials (NYSE:VMC) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,464 shares of the construction company’s stock after selling 40 shares during the period. Independent Advisor Alliance’s holdings in Vulcan Materials were worth $367,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in shares of Vulcan Materials by 62.1% in the first quarter. Janus Henderson Group PLC now owns 30,226 shares of the construction company’s stock valued at $8,247,000 after purchasing an additional 11,583 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Vulcan Materials in the 1st quarter worth $282,000. Tidal Investments LLC raised its holdings in shares of Vulcan Materials by 87.1% during the 1st quarter. Tidal Investments LLC now owns 9,591 shares of the construction company’s stock worth $2,618,000 after acquiring an additional 4,466 shares during the period. Swedbank AB acquired a new position in shares of Vulcan Materials during the 1st quarter valued at about $519,000. Finally, Cetera Investment Advisers raised its stake in Vulcan Materials by 111.5% during the first quarter. Cetera Investment Advisers now owns 14,423 shares of the construction company’s stock worth $3,936,000 after purchasing an additional 7,603 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on VMC shares. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Truist Financial increased their price objective on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday. UBS Group assumed coverage on Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target on the stock. Finally, Barclays raised their price objective on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $283.92.

Vulcan Materials Trading Down 0.7 %

NYSE VMC opened at $286.39 on Friday. Vulcan Materials has a one year low of $209.60 and a one year high of $298.31. The firm has a 50 day simple moving average of $264.56 and a 200-day simple moving average of $255.23. The firm has a market cap of $37.82 billion, a price-to-earnings ratio of 45.17, a PEG ratio of 2.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). The business had revenue of $2 billion during 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% on a year-over-year basis. During the same period in the prior year, the business earned $2.29 EPS. Equities research analysts anticipate that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Monday, November 4th. Vulcan Materials’s dividend payout ratio is currently 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.