Vontobel Holding Ltd. Boosts Stake in Vulcan Materials (NYSE:VMC)

Vontobel Holding Ltd. lifted its holdings in shares of Vulcan Materials (NYSE:VMC) by 7.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,369,530 shares of the construction company’s stock after acquiring an additional 91,318 shares during the quarter. Vulcan Materials accounts for about 1.1% of Vontobel Holding Ltd.’s holdings, making the stock its 25th largest position. Vontobel Holding Ltd. owned about 1.04% of Vulcan Materials worth $342,971,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. SouthState Corp increased 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 valued at $25,000 after purchasing an additional 87 shares during the last quarter. Register Financial Advisors LLC bought a new position in shares of Vulcan Materials during the 1st quarter valued at approximately $27,000. Kings Path Partners LLC purchased a new stake in shares of Vulcan Materials during the 2nd quarter worth approximately $27,000. UMB Bank n.a. raised its holdings in shares of Vulcan Materials by 61.8% in the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after purchasing an additional 47 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new position in Vulcan Materials in the first quarter valued at approximately $33,000. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VMC has been the subject of several recent research reports. Royal Bank of Canada reduced 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. Loop Capital decreased their price target on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. StockNews.com downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Saturday. Citigroup decreased their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. decreased their target price on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.45.

Vulcan Materials Trading Up 0.6 %

VMC traded up $1.54 during trading on Wednesday, hitting $254.33. 91,392 shares of the stock traded hands, compared to its average volume of 822,090. The firm has a market capitalization of $33.59 billion, a P/E ratio of 36.87, a price-to-earnings-growth ratio of 2.33 and a beta of 0.82. Vulcan Materials has a 12-month low of $190.51 and a 12-month high of $278.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.66. The firm has a 50-day moving average of $243.63 and a 200 day moving average of $252.52.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities research analysts anticipate that Vulcan Materials will post 7.67 EPS for the current year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 annualized dividend and a yield of 0.72%. Vulcan Materials’s dividend payout ratio (DPR) is presently 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.