Sanctuary Advisors LLC Boosts Stock Position in Vulcan Materials (NYSE:VMC)

Sanctuary Advisors LLC grew its holdings in shares of Vulcan Materials (NYSE:VMC) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,176 shares of the construction company’s stock after purchasing an additional 1,628 shares during the quarter. Sanctuary Advisors LLC’s holdings in Vulcan Materials were worth $6,305,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. SouthState Corp grew its holdings in Vulcan Materials by 669.2% during the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after purchasing an additional 87 shares during the period. Kings Path Partners LLC purchased a new position in Vulcan Materials in the 2nd quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new stake in Vulcan Materials during the 3rd quarter valued at $30,000. UMB Bank n.a. lifted its holdings in 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 in the last quarter. Finally, Concord Wealth Partners purchased a new stake in Vulcan Materials during the 3rd quarter worth about $35,000. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $275.77 on Friday. 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 $218.37 and a 1 year high of $298.31. The company’s 50-day moving average is $272.31 and its 200 day moving average is $256.82. The stock has a market capitalization of $36.42 billion, a P/E ratio of 43.50, a P/E/G ratio of 2.67 and a beta of 0.81.

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

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were given a $0.46 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.67%. Vulcan Materials’s dividend payout ratio is currently 29.02%.

Analyst Ratings Changes

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

Vulcan Materials Company 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.