Arete Wealth Advisors LLC Grows Stock Holdings in Vulcan Materials (NYSE:VMC)

Arete Wealth Advisors LLC grew its position in shares of Vulcan Materials (NYSE:VMC) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,155 shares of the construction company’s stock after purchasing an additional 146 shares during the period. Arete Wealth Advisors LLC’s holdings in Vulcan Materials were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in Vulcan Materials by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after buying an additional 884,580 shares during the last quarter. State Street Corp lifted its holdings in shares of Vulcan Materials by 1.2% in the 3rd quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock worth $1,322,546,000 after acquiring an additional 65,163 shares during the last quarter. FMR LLC boosted its stake in shares of Vulcan Materials by 2.2% in the 3rd quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock valued at $916,807,000 after purchasing an additional 78,271 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Vulcan Materials by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock valued at $826,644,000 after purchasing an additional 33,061 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of 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 valued at $533,551,000 after purchasing an additional 330,433 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Price Performance

VMC stock opened at $278.25 on Friday. The firm has a 50 day moving average price of $270.88 and a 200-day moving average price of $256.53. The firm has a market capitalization of $36.75 billion, a price-to-earnings ratio of 43.89, a PEG ratio of 2.70 and a beta of 0.81. Vulcan Materials has a 52-week low of $218.37 and a 52-week high of $298.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86.

Vulcan Materials (NYSE:VMC) last posted 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). The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.29 EPS. Equities research analysts forecast that Vulcan Materials will post 7.16 EPS for the current fiscal 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 given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.66%. Vulcan Materials’s dividend payout ratio (DPR) is 29.02%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VMC shares. Barclays upped their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. UBS Group initiated coverage on Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target on the stock. Finally, Truist Financial boosted their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $283.92.

Vulcan Materials 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.