11,002 Shares in Vulcan Materials (NYSE:VMC) Acquired by Proactive Wealth Strategies LLC

Proactive Wealth Strategies LLC acquired a new stake in Vulcan Materials (NYSE:VMC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,002 shares of the construction company’s stock, valued at approximately $2,755,000. Vulcan Materials accounts for about 1.5% of Proactive Wealth Strategies LLC’s portfolio, making the stock its 20th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of VMC. Vanguard Group Inc. raised its holdings in shares of Vulcan Materials by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock worth $4,368,273,000 after acquiring an additional 755,991 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after purchasing an additional 884,580 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Vulcan Materials by 18.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock valued at $533,551,000 after purchasing an additional 330,433 shares in the last quarter. Capital World Investors purchased a new position in shares of Vulcan Materials during the first quarter valued at approximately $388,027,000. Finally, Vontobel Holding Ltd. grew its holdings in Vulcan Materials by 7.1% during the third quarter. Vontobel Holding Ltd. now owns 1,369,530 shares of the construction company’s stock worth $342,971,000 after buying an additional 91,318 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Down 0.1 %

Shares of NYSE:VMC opened at $292.04 on Tuesday. Vulcan Materials has a one year low of $209.39 and a one year high of $298.31. The firm has a fifty day moving average price of $252.67 and a two-hundred day moving average price of $253.36. 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 company has a market cap of $38.57 billion, a price-to-earnings ratio of 46.06, a PEG ratio of 2.81 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The business had revenue of $2 billion for the quarter, compared to the consensus estimate 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 was down 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. Analysts anticipate that Vulcan Materials will post 7.2 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Truist Financial raised their price objective on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada decreased their price objective on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Barclays boosted their target price on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. UBS Group initiated coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective 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. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.46.

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.