Vulcan Materials (NYSE:VMC) Shares Acquired by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC boosted its position in Vulcan Materials (NYSE:VMC) by 27.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,184 shares of the construction company’s stock after acquiring an additional 258 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Vulcan Materials were worth $285,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. SouthState Corp lifted its position in shares of Vulcan Materials by 669.2% during the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after buying an additional 87 shares during the last quarter. Kings Path Partners LLC acquired a new position in Vulcan Materials in the second quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Vulcan Materials during the third quarter worth about $30,000. UMB Bank n.a. increased its position in shares of Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after purchasing an additional 47 shares in the last quarter. Finally, Concord Wealth Partners acquired a new stake in shares of Vulcan Materials during the third quarter worth about $35,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VMC. UBS Group assumed coverage on Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 price target on the stock. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Citigroup decreased their price target on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Barclays upped their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada dropped their price target on 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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $280.46.

Vulcan Materials Trading Up 1.2 %

Shares of VMC stock opened at $284.61 on Monday. The business’s fifty day moving average price is $261.25 and its 200 day moving average price is $254.53. The firm has a market capitalization of $37.59 billion, a PE ratio of 44.89, a P/E/G ratio of 2.75 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. Vulcan Materials has a 1-year low of $209.60 and a 1-year high of $298.31.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.29 EPS. As a group, sell-side analysts forecast that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend 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.