Trust Co of the South Trims Stock Holdings in Vulcan Materials (NYSE:VMC)

Trust Co of the South lowered its stake in shares of Vulcan Materials (NYSE:VMC) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,151 shares of the construction company’s stock after selling 105 shares during the period. Trust Co of the South’s holdings in Vulcan Materials were worth $296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Vulcan Materials in the second quarter valued at $49,000. Rothschild Investment LLC purchased a new stake in Vulcan Materials in the second quarter valued at approximately $139,000. Commonwealth Equity Services LLC increased its position in Vulcan Materials by 6.3% during the second quarter. Commonwealth Equity Services LLC now owns 50,967 shares of the construction company’s stock worth $12,675,000 after purchasing an additional 3,000 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Vulcan Materials by 205.3% during the second quarter. Farther Finance Advisors LLC now owns 1,780 shares of the construction company’s stock worth $434,000 after purchasing an additional 1,197 shares during the period. Finally, Summit Financial LLC purchased a new stake in shares of Vulcan Materials during the 2nd quarter valued at $361,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Down 0.5 %

Shares of VMC traded down $1.33 during midday trading on Thursday, hitting $255.90. The company had a trading volume of 266,894 shares, compared to its average volume of 828,156. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The stock has a market cap of $33.79 billion, a price-to-earnings ratio of 40.36, a PEG ratio of 2.67 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’s 50 day moving average price is $275.81 and its 200 day moving average price is $258.01.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, October 30th. The construction company reported $2.22 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 during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the business posted $2.29 EPS. Vulcan Materials’s revenue was down 8.3% compared to the same quarter last year. On average, equities research analysts predict that Vulcan Materials will post 7.16 EPS for the current 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 given a $0.46 dividend. 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 0.72%. Vulcan Materials’s payout ratio is currently 29.02%.

Analyst Upgrades and Downgrades

VMC has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. UBS Group assumed coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target on the stock. Stephens reiterated an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a report on Thursday. Finally, Barclays boosted their price objective on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $288.08.

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.