Sigma Planning Corp Has $645,000 Holdings in Vulcan Materials (NYSE:VMC)

Sigma Planning Corp raised its position in Vulcan Materials (NYSE:VMC) by 33.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,577 shares of the construction company’s stock after acquiring an additional 639 shares during the period. Sigma Planning Corp’s holdings in Vulcan Materials were worth $645,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in VMC. Empowered Funds LLC grew its stake in Vulcan Materials by 16.1% in the first quarter. Empowered Funds LLC now owns 1,933 shares of the construction company’s stock valued at $528,000 after acquiring an additional 268 shares during the period. Avantax Advisory Services Inc. grew its stake in Vulcan Materials by 150.1% in the first 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 period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Vulcan Materials by 14.3% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 12,310 shares of the construction company’s stock valued at $3,360,000 after acquiring an additional 1,540 shares during the period. Nicolet Advisory Services LLC acquired a new stake in Vulcan Materials in the first quarter valued at approximately $216,000. Finally, Vanguard Group Inc. grew its stake in Vulcan Materials by 5.0% in the first quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock valued at $4,368,273,000 after acquiring an additional 755,991 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of VMC opened at $282.57 on Friday. The firm has a market cap of $37.32 billion, a PE ratio of 44.57, a PEG ratio of 2.77 and a beta of 0.81. The stock’s fifty day moving average price is $254.71 and its two-hundred day moving average price is $253.79. 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 has a 1 year low of $209.39 and a 1 year high of $298.31.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.12). The firm 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 business’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.29 earnings per share. On average, equities research analysts forecast that Vulcan Materials will post 7.2 EPS for the current year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 annualized dividend and a dividend yield of 0.65%. Vulcan Materials’s payout ratio is presently 29.02%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. UBS Group assumed coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price on the stock. Citigroup cut their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Truist Financial lifted their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada cut their target price 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, Stephens cut their target price on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and ten have assigned 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.

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.