Bard Financial Services Inc. Sells 500 Shares of Vulcan Materials Company $VMC

Bard Financial Services Inc. decreased its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,700 shares of the construction company’s stock after selling 500 shares during the period. Bard Financial Services Inc.’s holdings in Vulcan Materials were worth $1,226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC raised its holdings in shares of Vulcan Materials by 26.9% in the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock valued at $43,000 after acquiring an additional 39 shares in the last quarter. DRW Securities LLC increased its position in shares of Vulcan Materials by 2.6% in the first quarter. DRW Securities LLC now owns 1,748 shares of the construction company’s stock worth $408,000 after purchasing an additional 45 shares during the last quarter. Alpha Omega Wealth Management LLC raised its stake in Vulcan Materials by 1.1% in the first quarter. Alpha Omega Wealth Management LLC now owns 4,336 shares of the construction company’s stock valued at $1,012,000 after purchasing an additional 46 shares in the last quarter. Wellington Management Group LLP lifted its position in Vulcan Materials by 5.6% during the fourth quarter. Wellington Management Group LLP now owns 969 shares of the construction company’s stock valued at $249,000 after purchasing an additional 51 shares during the last quarter. Finally, Marks Group Wealth Management Inc grew its stake in Vulcan Materials by 2.7% in the 1st quarter. Marks Group Wealth Management Inc now owns 2,203 shares of the construction company’s stock worth $514,000 after buying an additional 57 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Stock Performance

NYSE VMC opened at $294.84 on Monday. The company has a 50-day simple moving average of $281.99 and a two-hundred day simple moving average of $262.23. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $302.21. The firm has a market cap of $38.95 billion, a price-to-earnings ratio of 41.18, a PEG ratio of 2.41 and a beta of 0.86. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing the consensus estimate of $2.65 by ($0.20). The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.35 EPS. On average, equities analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 14th. Vulcan Materials’s dividend payout ratio is 27.37%.

Analysts Set New Price Targets

VMC has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Vulcan Materials from $285.00 to $330.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Royal Bank Of Canada cut their target price on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Barclays raised their price target on Vulcan Materials from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Citigroup reaffirmed a “buy” rating and set a $321.00 price target (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Finally, Morgan Stanley reduced their price objective on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $308.36.

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.