Prime Capital Investment Advisors LLC Purchases 110 Shares of Vulcan Materials (NYSE:VMC)

Prime Capital Investment Advisors LLC lifted its position in shares of Vulcan Materials (NYSE:VMC) by 11.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,113 shares of the construction company’s stock after buying an additional 110 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Vulcan Materials were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. United Asset Strategies Inc. lifted its stake in shares of Vulcan Materials by 1.1% during the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock worth $938,000 after purchasing an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Vulcan Materials by 2.3% in the third quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock valued at $498,000 after buying an additional 44 shares during the last quarter. Marcum Wealth LLC raised its stake in Vulcan Materials by 5.7% in the third quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock valued at $214,000 after buying an additional 46 shares during the last quarter. UMB Bank n.a. raised its stake in 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 buying an additional 47 shares during the last quarter. Finally, Golden State Equity Partners raised its stake in Vulcan Materials by 4.5% in the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock valued at $275,000 after buying an additional 47 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VMC shares. Citigroup decreased their price target 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. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. UBS Group started coverage on Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective for the company. Truist Financial raised their price objective on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. 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 note on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and an average target price of $280.46.

Vulcan Materials Stock Down 1.2 %

Vulcan Materials stock opened at $279.28 on Monday. Vulcan Materials has a fifty-two week low of $209.39 and a fifty-two week high of $298.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The firm has a 50 day moving average price of $256.67 and a 200 day moving average price of $254.05. The company has a market capitalization of $36.88 billion, a PE ratio of 44.05, a price-to-earnings-growth ratio of 2.68 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business posted $2.29 EPS. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. Research analysts expect that Vulcan Materials will post 7.2 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 annualized dividend and a yield of 0.66%. Vulcan Materials’s dividend payout ratio (DPR) is presently 29.02%.

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.