B. Riley Wealth Advisors Inc. Acquires 86 Shares of Vulcan Materials (NYSE:VMC)

B. Riley Wealth Advisors Inc. grew its holdings in Vulcan Materials (NYSE:VMC) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,353 shares of the construction company’s stock after purchasing an additional 86 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Vulcan Materials were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its stake 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 period. State Street Corp grew its stake in 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 in the last quarter. FMR LLC increased its position in shares of Vulcan Materials by 2.2% during the third quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock worth $916,807,000 after acquiring an additional 78,271 shares during the period. Geode Capital Management LLC raised its stake in shares of Vulcan Materials by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock valued at $826,644,000 after acquiring an additional 33,061 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Vulcan Materials by 18.4% in the third 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 period. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Trading Up 0.8 %

NYSE:VMC opened at $263.13 on Friday. The firm has a 50 day moving average of $274.90 and a 200 day moving average of $257.29. 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 $218.37 and a 52 week high of $298.31. The stock has a market capitalization of $34.75 billion, a price-to-earnings ratio of 41.50, a PEG ratio of 2.67 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data 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). 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 analyst estimates of $2.01 billion. During the same period in the previous year, the business earned $2.29 EPS. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were paid 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 0.70%. Vulcan Materials’s payout ratio is 29.02%.

Wall Street Analysts Forecast Growth

Several research firms have commented on VMC. Truist Financial raised their price objective on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised 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. Barclays upped their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. UBS Group began coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price on the stock. Finally, StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $284.33.

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.