Metis Global Partners LLC Increases Stake in Vulcan Materials (NYSE:VMC)

Metis Global Partners LLC increased its stake in Vulcan Materials (NYSE:VMC) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,880 shares of the construction company’s stock after acquiring an additional 142 shares during the period. Metis Global Partners LLC’s holdings in Vulcan Materials were worth $1,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 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 valued at $4,368,273,000 after purchasing an additional 755,991 shares in the last quarter. Principal Financial Group Inc. raised its stake in 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 valued at $1,332,431,000 after buying an additional 884,580 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Vulcan Materials by 18.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after buying an additional 330,433 shares during the last quarter. Capital World Investors purchased a new stake in Vulcan Materials during the 1st quarter worth about $388,027,000. Finally, Vontobel Holding Ltd. increased its holdings in shares of Vulcan Materials by 7.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,369,530 shares of the construction company’s stock valued at $342,971,000 after acquiring an additional 91,318 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Truist Financial upped their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st. UBS Group initiated coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price on the stock. Citigroup cut 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, Stephens reduced their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and an average price target of $280.46.

Vulcan Materials Trading Down 1.2 %

Shares of Vulcan Materials stock opened at $279.28 on Friday. The company has a 50-day moving average of $256.67 and a two-hundred day moving average of $254.12. The stock has a market cap of $36.88 billion, a PE ratio of 44.05, a price-to-earnings-growth ratio of 2.72 and a beta of 0.81. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. Vulcan Materials has a 12-month low of $209.39 and a 12-month high of $298.31.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the firm earned $2.29 earnings per share. Vulcan Materials’s quarterly revenue was down 8.3% on a year-over-year basis. On average, research analysts anticipate that Vulcan Materials will post 7.2 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders 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 yield of 0.66%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s payout ratio is 29.02%.

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.