Bard Financial Services Inc. Sells 300 Shares of Vulcan Materials (NYSE:VMC)

Bard Financial Services Inc. decreased its position in shares of Vulcan Materials (NYSE:VMC) by 5.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,515 shares of the construction company’s stock after selling 300 shares during the period. Bard Financial Services Inc.’s holdings in Vulcan Materials were worth $1,381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates increased its holdings in shares of Vulcan Materials by 3.0% during the second quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock valued at $50,367,000 after acquiring an additional 5,979 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Vulcan Materials by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company’s stock valued at $331,404,000 after acquiring an additional 43,294 shares in the last quarter. Tower Bridge Advisors increased its holdings in shares of Vulcan Materials by 64.5% during the third quarter. Tower Bridge Advisors now owns 4,936 shares of the construction company’s stock valued at $1,236,000 after acquiring an additional 1,936 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Vulcan Materials by 5.6% during the second quarter. Envestnet Asset Management Inc. now owns 250,428 shares of the construction company’s stock valued at $62,276,000 after acquiring an additional 13,318 shares in the last quarter. Finally, Regency Capital Management Inc. DE bought a new stake in Vulcan Materials during the third quarter worth $5,060,000. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Down 1.8 %

Shares of NYSE VMC opened at $276.27 on Wednesday. Vulcan Materials has a one year low of $216.38 and a one year high of $298.31. 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 business’s fifty day moving average price is $269.52 and its 200-day moving average price is $256.25. The stock has a market capitalization of $36.48 billion, a PE ratio of 43.58, a P/E/G ratio of 2.77 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the company earned $2.29 EPS. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. On average, equities research analysts anticipate that Vulcan Materials will post 7.16 EPS for the current year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 4th were paid a dividend of $0.46 per share. The ex-dividend date was Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.67%. Vulcan Materials’s payout ratio is 29.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Truist Financial upped their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group assumed coverage on Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target for the company. JPMorgan Chase & Co. upped their price target on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Finally, Barclays upped their price target on 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $283.92.

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.