Vulcan Materials (NYSE:VMC) Shares Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC grew its holdings in Vulcan Materials (NYSE:VMC) by 11.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,113 shares of the construction company’s stock after acquiring an additional 110 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Vulcan Materials were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of VMC. SouthState Corp lifted its position 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 last quarter. Kings Path Partners LLC purchased a new stake in shares of Vulcan Materials during the 2nd quarter worth $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Vulcan Materials during the 3rd quarter worth $30,000. UMB Bank n.a. lifted its position in shares of Vulcan Materials by 61.8% during the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after purchasing an additional 47 shares during the last quarter. Finally, Concord Wealth Partners purchased a new stake in shares of Vulcan Materials during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on VMC shares. UBS Group initiated coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price objective for the company. Barclays boosted their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price target on shares of 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 reduced their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Citigroup reduced their price target on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.46.

Vulcan Materials Trading Down 1.2 %

Shares of VMC opened at $279.28 on Monday. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average is $256.67 and its two-hundred day moving average is $254.05. Vulcan Materials has a twelve month low of $209.39 and a twelve month high of $298.31. The firm has a market capitalization of $36.88 billion, a P/E ratio of 44.05, a PEG ratio of 2.68 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, research analysts predict that Vulcan Materials will post 7.2 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, November 4th. This represents a $1.84 annualized dividend and a yield of 0.66%. Vulcan Materials’s payout ratio is currently 29.02%.

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.