Blueshift Asset Management LLC Has $224,000 Stock Holdings in Vulcan Materials (NYSE:VMC)

Blueshift Asset Management LLC reduced its stake in shares of Vulcan Materials (NYSE:VMC) by 31.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 894 shares of the construction company’s stock after selling 403 shares during the period. Blueshift Asset Management LLC’s holdings in Vulcan Materials were worth $224,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Townsquare Capital LLC lifted its position in Vulcan Materials by 53.9% in the 3rd quarter. Townsquare Capital LLC now owns 6,727 shares of the construction company’s stock valued at $1,685,000 after acquiring an additional 2,357 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Vulcan Materials by 55.7% in the third quarter. BNP Paribas Financial Markets now owns 217,495 shares of the construction company’s stock valued at $54,467,000 after purchasing an additional 77,843 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Vulcan Materials by 622.4% during the third quarter. Quantbot Technologies LP now owns 29,302 shares of the construction company’s stock worth $7,338,000 after buying an additional 25,246 shares during the period. FMR LLC raised its position in 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 buying an additional 78,271 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Vulcan Materials by 0.5% in the 3rd quarter. Bank of Montreal Can now owns 173,625 shares of the construction company’s stock valued at $43,448,000 after acquiring an additional 836 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

VMC has been the subject of several recent research reports. Truist Financial increased their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a 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. JPMorgan Chase & Co. increased their price target on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Barclays raised their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $283.92.

Vulcan Materials Stock Up 0.6 %

VMC stock opened at $288.16 on Friday. The company has a market cap of $38.05 billion, a PE ratio of 45.45, a price-to-earnings-growth ratio of 2.77 and a beta of 0.81. 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 52 week low of $209.60 and a 52 week high of $298.31. The business has a 50-day simple moving average of $265.28 and a 200 day simple moving average of $255.35.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (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 firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business posted $2.29 EPS. The business’s revenue was down 8.3% on a year-over-year basis. Sell-side analysts anticipate that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were issued a dividend of $0.46 per share. The ex-dividend date was Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.64%. Vulcan Materials’s dividend payout ratio (DPR) is currently 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.