Creative Planning Buys 318 Shares of Vulcan Materials (NYSE:VMC)

Creative Planning grew its position in shares of Vulcan Materials (NYSE:VMC) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,238 shares of the construction company’s stock after acquiring an additional 318 shares during the quarter. Creative Planning’s holdings in Vulcan Materials were worth $3,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CX Institutional lifted its holdings in Vulcan Materials by 8.2% in the 3rd quarter. CX Institutional now owns 4,611 shares of the construction company’s stock worth $1,155,000 after purchasing an additional 349 shares in the last quarter. Procyon Advisors LLC boosted its position in shares of Vulcan Materials by 6.1% during the third quarter. Procyon Advisors LLC now owns 18,363 shares of the construction company’s stock worth $4,599,000 after acquiring an additional 1,061 shares during the last quarter. Koshinski Asset Management Inc. purchased a new position in Vulcan Materials during the third quarter valued at $200,000. Exchange Traded Concepts LLC bought a new stake in Vulcan Materials in the 3rd quarter valued at $213,000. Finally, Inspire Investing LLC lifted its stake in Vulcan Materials by 7.6% in the 3rd quarter. Inspire Investing LLC now owns 1,139 shares of the construction company’s stock worth $285,000 after purchasing an additional 80 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VMC has been the subject of several analyst reports. Stephens lowered their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Loop Capital cut their target price on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Royal Bank of Canada lowered their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. StockNews.com lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Saturday, October 12th. Finally, Citigroup lowered their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $272.45.

Vulcan Materials Trading Up 0.2 %

NYSE:VMC opened at $256.61 on Friday. The company has a market capitalization of $33.94 billion, a PE ratio of 37.48, a P/E/G ratio of 2.32 and a beta of 0.82. Vulcan Materials has a 52-week low of $190.51 and a 52-week high of $278.79. The stock’s 50 day moving average price is $245.50 and its 200 day moving average price is $252.20. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43.

Vulcan Materials (NYSE:VMC) last announced its earnings results 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 return on equity of 12.19% and a net margin of 12.07%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the business posted $2.29 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. On average, research analysts anticipate that Vulcan Materials will post 7.62 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be paid a $0.46 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.72%. 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.