Vulcan Materials (NYSE:VMC) Shares Sold by Massachusetts Wealth Management

Massachusetts Wealth Management decreased its position in shares of Vulcan Materials (NYSE:VMC) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,750 shares of the construction company’s stock after selling 50 shares during the quarter. Massachusetts Wealth Management’s holdings in Vulcan Materials were worth $1,440,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of VMC. Ballentine Partners LLC acquired a new stake in Vulcan Materials in the first quarter worth about $225,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Vulcan Materials by 2.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,044 shares of the construction company’s stock worth $1,923,000 after purchasing an additional 193 shares during the period. Register Financial Advisors LLC acquired a new stake in Vulcan Materials in the first quarter worth about $27,000. Vicus Capital acquired a new stake in Vulcan Materials in the first quarter worth about $245,000. Finally, SteelPeak Wealth LLC lifted its holdings in Vulcan Materials by 2.9% in the first quarter. SteelPeak Wealth LLC now owns 2,057 shares of the construction company’s stock worth $561,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Royal Bank of Canada cut their price target on shares of 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 cut their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. StockNews.com downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Saturday, October 12th. Finally, Loop Capital cut their price target on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.45.

Vulcan Materials Stock Up 0.8 %

Shares of NYSE VMC traded up $2.12 during mid-day trading on Friday, reaching $258.26. The company had a trading volume of 97,319 shares, compared to its average volume of 820,505. The stock has a fifty day moving average of $245.31 and a two-hundred day moving average of $252.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48. The company has a market capitalization of $34.11 billion, a price-to-earnings ratio of 37.39, a PEG ratio of 2.32 and a beta of 0.82. Vulcan Materials has a 12-month low of $190.51 and a 12-month high of $278.79.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. Vulcan Materials’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $2.29 earnings per share. As a group, equities research analysts expect that Vulcan Materials will post 7.62 EPS for the current year.

Vulcan Materials Dividend Announcement

The business 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 $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is 26.86%.

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.