MML Investors Services LLC Has $2.56 Million Stock Position in Vulcan Materials (NYSE:VMC)

MML Investors Services LLC lessened its position in shares of Vulcan Materials (NYSE:VMC) by 10.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,224 shares of the construction company’s stock after selling 1,244 shares during the quarter. MML Investors Services LLC’s holdings in Vulcan Materials were worth $2,560,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VMC. Raymond James & Associates lifted its position in Vulcan Materials by 3.0% during the 2nd quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock valued at $50,367,000 after purchasing an additional 5,979 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Vulcan Materials by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company’s stock worth $331,404,000 after buying an additional 43,294 shares during the last quarter. Tower Bridge Advisors lifted its holdings in Vulcan Materials by 64.5% in the third quarter. Tower Bridge Advisors now owns 4,936 shares of the construction company’s stock valued at $1,236,000 after buying an additional 1,936 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Vulcan Materials by 5.6% in the second quarter. Envestnet Asset Management Inc. now owns 250,428 shares of the construction company’s stock valued at $62,276,000 after buying an additional 13,318 shares during the period. Finally, Regency Capital Management Inc. DE bought a new position in Vulcan Materials in the third quarter valued at approximately $5,060,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Vulcan Materials Stock Down 0.8 %

Vulcan Materials stock opened at $275.77 on Monday. The company has a 50 day moving average of $272.31 and a 200-day moving average of $256.85. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. Vulcan Materials has a twelve month low of $218.37 and a twelve month high of $298.31. The stock has a market capitalization of $36.42 billion, a PE ratio of 43.50, a price-to-earnings-growth ratio of 2.67 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. Vulcan Materials’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.29 earnings per share. On average, equities research analysts anticipate that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 4th were issued 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 dividend yield of 0.67%. Vulcan Materials’s payout ratio is presently 29.02%.

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.