Mutual of America Capital Management LLC Trims Stock Holdings in Vulcan Materials (NYSE:VMC)

Mutual of America Capital Management LLC lowered its holdings in shares of Vulcan Materials (NYSE:VMC) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,185 shares of the construction company’s stock after selling 742 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Vulcan Materials were worth $4,771,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. SouthState Corp boosted its stake in shares of Vulcan Materials by 669.2% during the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after purchasing an additional 87 shares during the period. Register Financial Advisors LLC purchased a new stake in Vulcan Materials in the 1st quarter valued at about $27,000. Kings Path Partners LLC bought a new position in Vulcan Materials in the 2nd 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 worth $31,000 after acquiring an additional 47 shares during the period. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Vulcan Materials during the first quarter valued at approximately $33,000. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Down 0.6 %

Vulcan Materials stock opened at $252.05 on Friday. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $278.79. The business has a fifty day moving average price of $248.39 and a 200-day moving average price of $255.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.66. The stock has a market capitalization of $33.33 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 2.25 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing the consensus estimate of $2.47 by ($0.12). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the business posted $2.29 EPS. Vulcan Materials’s revenue was down 4.7% compared to the same quarter last year. Equities research analysts forecast that Vulcan Materials will post 7.73 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.73%. Vulcan Materials’s dividend payout ratio is currently 26.86%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Royal Bank of Canada dropped their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Citigroup cut their price target on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Stephens lowered their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Truist Financial cut their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, Loop Capital lowered their price target 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. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $274.73.

About Vulcan Materials

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.