Vulcan Materials (NYSE:VMC) Stock Holdings Boosted by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management lifted its position in shares of Vulcan Materials (NYSE:VMC) by 0.7% in the 3rd quarter, Holdings Channel reports. The fund owned 19,949 shares of the construction company’s stock after buying an additional 133 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in Vulcan Materials were worth $4,996,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Cetera Advisors LLC lifted its holdings in Vulcan Materials by 118.1% in the first quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock worth $1,132,000 after purchasing an additional 2,245 shares during the period. Nordea Investment Management AB lifted its holdings in Vulcan Materials by 621.1% in the first quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock worth $64,581,000 after purchasing an additional 203,166 shares during the period. Mather Group LLC. lifted its holdings in Vulcan Materials by 16.1% in the second quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock worth $134,000 after purchasing an additional 68 shares during the period. Raymond James & Associates lifted its holdings in Vulcan Materials by 3.0% in the 2nd quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock valued at $50,367,000 after acquiring an additional 5,979 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in Vulcan Materials by 150.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,006 shares of the construction company’s stock valued at $1,093,000 after acquiring an additional 2,404 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on VMC. Citigroup cut their price target on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” 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 Tuesday, October 1st. Truist Financial cut their price target on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. 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. Finally, Royal Bank of Canada reduced their price objective on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and an average target price of $272.45.

Vulcan Materials Stock Up 1.4 %

Shares of VMC traded up $3.34 during trading hours on Thursday, reaching $244.98. The company’s stock had a trading volume of 321,361 shares, compared to its average volume of 820,259. The firm has a market cap of $32.40 billion, a price-to-earnings ratio of 35.25, a P/E/G ratio of 2.24 and a beta of 0.82. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $278.79. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average of $244.59 and a two-hundred day moving average of $253.35.

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

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were issued a $0.46 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.75%. Vulcan Materials’s dividend payout ratio is currently 26.86%.

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.