Valley Brook Capital Group Inc. Boosts Stock Holdings in Vulcan Materials (NYSE:VMC)

Valley Brook Capital Group Inc. raised its holdings in Vulcan Materials (NYSE:VMC) by 5.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,025 shares of the construction company’s stock after purchasing an additional 50 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Vulcan Materials were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SouthState Corp boosted its stake in shares of Vulcan Materials by 669.2% in the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after buying an additional 87 shares in the last quarter. Kings Path Partners LLC purchased a new position in shares of Vulcan Materials in the 2nd quarter valued at about $27,000. UMB Bank n.a. lifted its stake in shares of Vulcan Materials by 61.8% in the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after purchasing an additional 47 shares during the period. Concord Wealth Partners purchased a new stake in Vulcan Materials during the third quarter worth about $35,000. Finally, Manchester Capital Management LLC grew its position in Vulcan Materials by 1,218.2% during the first quarter. Manchester Capital Management LLC now owns 145 shares of the construction company’s stock worth $40,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

VMC has been the topic of several research analyst reports. UBS Group initiated coverage on Vulcan Materials in a research note on Thursday. They set a “buy” rating and a $349.00 price target on the stock. Stephens dropped their price target on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Barclays boosted their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada cut their target price on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Five equities 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 company currently has an average rating of “Moderate Buy” and an average target price of $280.46.

Vulcan Materials Trading Up 0.2 %

Shares of VMC stock traded up $0.48 during trading hours on Thursday, hitting $290.93. 69,461 shares of the company were exchanged, compared to its average volume of 842,776. The firm has a fifty day moving average of $249.81 and a 200 day moving average of $252.67. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. Vulcan Materials has a 1 year low of $206.79 and a 1 year high of $298.31. The firm has a market cap of $38.42 billion, a PE ratio of 45.81, a PEG ratio of 2.58 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data 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 company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 earnings per share. Analysts expect that Vulcan Materials will post 7.2 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s dividend payout ratio is currently 29.02%.

Vulcan Materials Profile

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.