Victory Capital Management Inc. Sells 142 Shares of Vulcan Materials (NYSE:VMC)

Victory Capital Management Inc. cut its position in shares of Vulcan Materials (NYSE:VMC) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,447 shares of the construction company’s stock after selling 142 shares during the period. Victory Capital Management Inc.’s holdings in Vulcan Materials were worth $14,386,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VMC. Covestor Ltd boosted its position in shares of Vulcan Materials by 13.6% during the 1st quarter. Covestor Ltd now owns 425 shares of the construction company’s stock valued at $116,000 after acquiring an additional 51 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Vulcan Materials by 12.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 9,266 shares of the construction company’s stock valued at $2,529,000 after purchasing an additional 1,018 shares in the last quarter. UniSuper Management Pty Ltd lifted its position in Vulcan Materials by 298.4% during the first quarter. UniSuper Management Pty Ltd now owns 5,207 shares of the construction company’s stock valued at $1,421,000 after purchasing an additional 3,900 shares during the last quarter. Lake Street Advisors Group LLC purchased a new position in shares of Vulcan Materials in the 1st quarter worth $206,000. Finally, National Bank of Canada FI increased its holdings in shares of Vulcan Materials by 14.6% in the 1st quarter. National Bank of Canada FI now owns 59,462 shares of the construction company’s stock worth $16,176,000 after buying an additional 7,583 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $278.01 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The stock has a market cap of $36.71 billion, a price-to-earnings ratio of 43.85, a price-to-earnings-growth ratio of 2.68 and a beta of 0.81. The firm has a 50-day moving average of $258.51 and a two-hundred day moving average of $254.25. Vulcan Materials has a 1 year low of $209.39 and a 1 year high of $298.31.

Vulcan Materials (NYSE:VMC) last issued 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). The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. Vulcan Materials’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.29 earnings per share. On average, research analysts forecast that Vulcan Materials will post 7.2 earnings per share for the current year.

Vulcan Materials Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Citigroup dropped their price target on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. UBS Group began coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price for the company. JPMorgan Chase & Co. decreased their price target on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Truist Financial raised their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada cut their price objective 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. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average target price of $280.46.

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.