Equitable Trust Co. Sells 630 Shares of Vulcan Materials (NYSE:VMC)

Equitable Trust Co. decreased its holdings in shares of Vulcan Materials (NYSE:VMC) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,132 shares of the construction company’s stock after selling 630 shares during the period. Equitable Trust Co.’s holdings in Vulcan Materials were worth $4,791,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Duality Advisers LP bought a new stake in shares of Vulcan Materials in the 1st quarter valued at $622,000. Empowered Funds LLC grew its stake in shares of Vulcan Materials by 16.1% in the 1st quarter. Empowered Funds LLC now owns 1,933 shares of the construction company’s stock valued at $528,000 after buying an additional 268 shares during the period. SG Americas Securities LLC increased its position in Vulcan Materials by 273.7% in the 1st quarter. SG Americas Securities LLC now owns 19,836 shares of the construction company’s stock valued at $5,414,000 after buying an additional 14,528 shares in the last quarter. Forsta AP Fonden boosted its holdings in Vulcan Materials by 47.0% in the first quarter. Forsta AP Fonden now owns 33,800 shares of the construction company’s stock worth $9,225,000 after acquiring an additional 10,800 shares in the last quarter. Finally, Keudell Morrison Wealth Management acquired a new stake in Vulcan Materials in the first quarter valued at approximately $253,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

VMC has been the subject of a number of analyst reports. Truist Financial lifted their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stephens lowered their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. cut their target price on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Royal Bank of Canada lowered their price target on 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. Finally, Barclays lifted their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $280.46.

Vulcan Materials Stock Up 0.6 %

VMC opened at $292.31 on Friday. The company has a market cap of $38.60 billion, a PE ratio of 46.11, a price-to-earnings-growth ratio of 2.79 and a beta of 0.81. The company has a 50 day moving average of $251.73 and a 200 day moving average of $253.19. Vulcan Materials has a 12 month low of $208.09 and a 12 month high of $298.31. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42.

Vulcan Materials (NYSE:VMC) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the company earned $2.29 earnings per share. The company’s quarterly revenue was down 8.3% on a year-over-year basis. On average, sell-side analysts expect that Vulcan Materials will post 7.2 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is 29.02%.

About Vulcan Materials

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.