Vulcan Materials (NYSE:VMC) Shares Purchased by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC increased its holdings in Vulcan Materials (NYSE:VMC) by 38.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,093 shares of the construction company’s stock after acquiring an additional 1,402 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Vulcan Materials were worth $1,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SouthState Corp grew its holdings in shares of Vulcan Materials by 669.2% during the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after purchasing an additional 87 shares during the period. Register Financial Advisors LLC acquired a new position in Vulcan Materials in the first quarter valued at about $27,000. Kings Path Partners LLC purchased a new position in Vulcan Materials during the second quarter worth about $27,000. UMB Bank n.a. increased its position in shares of Vulcan Materials by 61.8% during 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 during the last quarter. Finally, Concord Wealth Partners purchased a new stake in shares of Vulcan Materials in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Loop Capital lowered their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. lowered their price target on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Stephens decreased their target price on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Truist Financial dropped their target price on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Citigroup reduced their price target on shares of 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 given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and an average price target of $272.45.

Vulcan Materials Stock Up 0.2 %

Shares of Vulcan Materials stock opened at $256.54 on Monday. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43. Vulcan Materials has a 52-week low of $190.51 and a 52-week high of $278.79. The company has a market capitalization of $33.88 billion, a P/E ratio of 37.45, a P/E/G ratio of 2.35 and a beta of 0.82. The company has a 50 day moving average of $245.74 and a 200 day moving average of $251.93.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Tuesday, August 6th. The construction company reported $2.35 EPS 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 firm 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 firm posted $2.29 EPS. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, research analysts forecast that Vulcan Materials will post 7.58 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be issued a $0.46 dividend. The ex-dividend date is 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 26.86%.

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.