Thrivent Financial for Lutherans Sells 155 Shares of Vulcan Materials (NYSE:VMC)

Thrivent Financial for Lutherans cut its holdings in Vulcan Materials (NYSE:VMC) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,608 shares of the construction company’s stock after selling 155 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Vulcan Materials were worth $6,413,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. SouthState Corp lifted its holdings 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 in the last quarter. Kings Path Partners LLC purchased a new position in Vulcan Materials in the 2nd quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in Vulcan Materials during the 3rd quarter valued at about $30,000. UMB Bank n.a. grew its stake in shares of Vulcan Materials by 61.8% in 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, Concord Wealth Partners purchased a new position in shares of Vulcan Materials during the third quarter valued at approximately $35,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $284.61 on Friday. The company has a market capitalization of $37.59 billion, a P/E ratio of 44.89, a P/E/G ratio of 2.67 and a beta of 0.81. Vulcan Materials has a 1-year low of $209.60 and a 1-year high of $298.31. The firm’s 50 day simple moving average is $261.25 and its two-hundred day simple moving average is $254.72. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02.

Vulcan Materials (NYSE:VMC) last released its earnings results 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). The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.29 EPS. Research analysts expect that Vulcan Materials will post 7.2 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 paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is 29.02%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. JPMorgan Chase & Co. dropped their price target on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Stephens reduced their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Barclays raised their target price on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada reduced 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 research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.46.

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.