Coldstream Capital Management Inc. Grows Position in Vulcan Materials (NYSE:VMC)

Coldstream Capital Management Inc. increased its position in Vulcan Materials (NYSE:VMC) by 27.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,238 shares of the construction company’s stock after purchasing an additional 476 shares during the period. Coldstream Capital Management Inc.’s holdings in Vulcan Materials were worth $568,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VMC. Wealth Enhancement Advisory Services LLC increased its stake in shares of Vulcan Materials by 10.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,784 shares of the construction company’s stock worth $1,936,000 after acquiring an additional 740 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Vulcan Materials by 3.0% during the second quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock valued at $50,367,000 after purchasing an additional 5,979 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Vulcan Materials by 3.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 207,489 shares of the construction company’s stock worth $51,599,000 after purchasing an additional 6,062 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Vulcan Materials by 0.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 23,282 shares of the construction company’s stock worth $5,790,000 after buying an additional 110 shares during the last quarter. Finally, Pallas Capital Advisors LLC bought a new position in Vulcan Materials during the 2nd quarter valued at approximately $296,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

VMC has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Truist Financial increased their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Barclays increased their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, UBS Group started coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective for the company. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and an average price target of $283.92.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $275.75 on Friday. Vulcan Materials has a 12-month low of $218.37 and a 12-month high of $298.31. The firm has a market capitalization of $36.42 billion, a price-to-earnings ratio of 43.49, a price-to-earnings-growth ratio of 2.70 and a beta of 0.81. 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 has a 50 day moving average of $272.31 and a 200 day moving average of $256.80.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the company earned $2.29 earnings per share. On average, research analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were given a dividend of $0.46 per share. The ex-dividend date was Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.67%. 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.