Vulcan Materials (NYSE:VMC) Shares Bought by Compass Ion Advisors LLC

Compass Ion Advisors LLC lifted its position in shares of Vulcan Materials (NYSE:VMC) by 3.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,940 shares of the construction company’s stock after purchasing an additional 173 shares during the quarter. Compass Ion Advisors LLC’s holdings in Vulcan Materials were worth $1,488,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Marcum Wealth LLC boosted its position in shares of Vulcan Materials by 5.7% in the third quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock worth $214,000 after buying an additional 46 shares during the period. UMB Bank n.a. grew its position in Vulcan Materials by 61.8% in the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after acquiring an additional 47 shares in the last quarter. Monetary Management Group Inc. grew its position in Vulcan Materials by 2.3% in the second quarter. Monetary Management Group Inc. now owns 2,250 shares of the construction company’s stock valued at $560,000 after acquiring an additional 50 shares in the last quarter. Covestor Ltd raised its stake in shares of Vulcan Materials by 13.6% during the first quarter. Covestor Ltd now owns 425 shares of the construction company’s stock valued at $116,000 after purchasing an additional 51 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Vulcan Materials by 26.5% during the second quarter. Versant Capital Management Inc now owns 267 shares of the construction company’s stock worth $66,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

VMC has been the topic of several analyst reports. Truist Financial dropped their price target on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. StockNews.com lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th. 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 report on Wednesday, August 7th. Stephens lowered 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. Finally, Citigroup cut their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.45.

Vulcan Materials Stock Performance

VMC traded up $3.08 on Friday, hitting $261.72. 829,144 shares of the company’s stock were exchanged, compared to its average volume of 866,241. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average of $244.53 and a two-hundred day moving average of $252.44. Vulcan Materials has a twelve month low of $190.51 and a twelve month high of $278.79. The firm has a market cap of $34.56 billion, a PE ratio of 38.21, a P/E/G ratio of 2.45 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last announced its quarterly 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, research analysts anticipate that Vulcan Materials will post 7.67 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently declared 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. The ex-dividend date is Monday, November 4th. This represents a $1.84 annualized dividend and a dividend yield of 0.70%. Vulcan Materials’s dividend payout ratio is currently 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.