Clayton Financial Group LLC Buys Shares of 9,265 Vulcan Materials (NYSE:VMC)

Clayton Financial Group LLC purchased a new stake in shares of Vulcan Materials (NYSE:VMC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,265 shares of the construction company’s stock, valued at approximately $2,320,000. Vulcan Materials accounts for approximately 0.9% of Clayton Financial Group LLC’s portfolio, making the stock its 28th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Syon Capital LLC increased its position in shares of Vulcan Materials by 19.0% during the fourth quarter. Syon Capital LLC now owns 2,301 shares of the construction company’s stock valued at $522,000 after purchasing an additional 368 shares during the period. American International Group Inc. raised its stake in shares of Vulcan Materials by 0.4% in the 4th quarter. American International Group Inc. now owns 36,109 shares of the construction company’s stock valued at $8,197,000 after buying an additional 131 shares in the last quarter. Trust Co. of Vermont lifted its holdings in shares of Vulcan Materials by 144.0% during the 4th quarter. Trust Co. of Vermont now owns 244 shares of the construction company’s stock worth $55,000 after acquiring an additional 144 shares during the period. Vanguard Group Inc. raised its position in Vulcan Materials by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 15,249,701 shares of the construction company’s stock worth $3,461,835,000 after purchasing an additional 105,230 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Vulcan Materials in the 4th quarter worth approximately $422,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on VMC shares. Loop Capital lowered their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Citigroup dropped their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. StockNews.com lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. dropped their target price on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Finally, Truist Financial decreased their price target on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $272.45.

Vulcan Materials Stock Performance

NYSE:VMC traded up $8.18 during mid-day trading on Tuesday, reaching $256.88. 333,357 shares of the company’s stock were exchanged, compared to its average volume of 822,549. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48. The firm has a market capitalization of $33.97 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 2.28 and a beta of 0.82. Vulcan Materials has a one year low of $190.51 and a one year high of $278.79. The business’s fifty day simple moving average is $243.49 and its two-hundred day simple moving average is $252.66.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.29 earnings per share. Analysts anticipate that Vulcan Materials will post 7.69 earnings per share for the current fiscal 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 paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s payout ratio is 26.86%.

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.