Vulcan Materials (NYSE:VMC) Stock Position Increased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lifted its holdings in Vulcan Materials (NYSE:VMCFree Report) by 8.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,546 shares of the construction company’s stock after purchasing an additional 114 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Vulcan Materials were worth $387,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC lifted its holdings in Vulcan Materials by 12.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,266 shares of the construction company’s stock valued at $2,529,000 after acquiring an additional 1,018 shares during the last quarter. Lake Street Advisors Group LLC acquired a new position in shares of Vulcan Materials during the 1st quarter valued at about $206,000. Axxcess Wealth Management LLC grew its holdings in Vulcan Materials by 48.0% during the first quarter. Axxcess Wealth Management LLC now owns 3,777 shares of the construction company’s stock valued at $1,031,000 after purchasing an additional 1,225 shares during the last quarter. Toronto Dominion Bank lifted its position in Vulcan Materials by 2.1% during the 1st quarter. Toronto Dominion Bank now owns 75,149 shares of the construction company’s stock worth $20,510,000 after acquiring an additional 1,556 shares during the last quarter. Finally, Capital World Investors acquired a new position in shares of Vulcan Materials during the 1st quarter worth about $388,027,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Up 1.2 %

Shares of VMC stock opened at $281.18 on Friday. 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 fifty day moving average price is $260.31 and its two-hundred day moving average price is $254.60. The firm has a market capitalization of $37.13 billion, a P/E ratio of 44.35, a PEG 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.

Vulcan Materials (NYSE:VMCGet Free Report) last posted its quarterly 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 company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.29 earnings per share. On average, equities analysts predict that Vulcan Materials will post 7.2 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently declared 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. This represents a $1.84 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is currently 29.02%.

Analysts Set New Price Targets

A number of brokerages have weighed in on VMC. 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 report on Wednesday, October 9th. Stephens dropped their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Royal Bank of Canada decreased their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Finally, UBS Group began coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 price target for the company. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.46.

View Our Latest Research Report on Vulcan Materials

About Vulcan Materials

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials (NYSE:VMCFree Report).

Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.