799 Shares in Vulcan Materials (NYSE:VMC) Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. purchased a new stake in shares of Vulcan Materials (NYSE:VMC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 799 shares of the construction company’s stock, valued at approximately $200,000.

A number of other institutional investors have also recently added to or reduced their stakes in VMC. Exchange Traded Concepts LLC purchased a new position in shares of Vulcan Materials in the 3rd quarter valued at $213,000. Inspire Investing LLC raised its position in Vulcan Materials by 7.6% in the third quarter. Inspire Investing LLC now owns 1,139 shares of the construction company’s stock valued at $285,000 after purchasing an additional 80 shares during the period. Pinnacle Wealth Management Group Inc. acquired a new position in shares of Vulcan Materials during the third quarter worth about $200,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Vulcan Materials by 273.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 683 shares of the construction company’s stock worth $171,000 after buying an additional 500 shares during the period. Finally, Jessup Wealth Management Inc acquired a new stake in shares of Vulcan Materials in the third quarter valued at about $5,663,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Up 1.5 %

NYSE:VMC opened at $256.54 on Thursday. The company has a market cap of $33.88 billion, a PE ratio of 37.45, a P/E/G ratio of 2.33 and a beta of 0.82. The business’s 50 day moving average is $243.93 and its two-hundred day moving average is $252.54. 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.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) 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 firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business earned $2.29 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts predict that Vulcan Materials will post 7.67 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio is presently 26.86%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VMC. StockNews.com lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th. Citigroup decreased their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Stephens dropped their price target on shares of 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 decreased their price objective on shares of 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, Loop Capital dropped their target price on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and an average target price of $272.45.

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.