Bradley Foster & Sargent Inc. CT Purchases 512 Shares of Vulcan Materials (NYSE:VMC)

Bradley Foster & Sargent Inc. CT lifted its position in shares of Vulcan Materials (NYSE:VMC) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,673 shares of the construction company’s stock after purchasing an additional 512 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Vulcan Materials were worth $2,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in VMC. Cetera Advisors LLC boosted its holdings in Vulcan Materials by 118.1% in the first quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock valued at $1,132,000 after acquiring an additional 2,245 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Vulcan Materials by 621.1% in the first quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock valued at $64,581,000 after acquiring an additional 203,166 shares during the last quarter. Mather Group LLC. boosted its holdings in Vulcan Materials by 16.1% in the second quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock valued at $134,000 after acquiring an additional 68 shares during the last quarter. Raymond James & Associates boosted its holdings in Vulcan Materials by 3.0% in the second quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock valued at $50,367,000 after acquiring an additional 5,979 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings 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 last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Loop Capital dropped their price target on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Stephens dropped their price target on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Citigroup dropped their price target on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada dropped their price target on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Finally, Truist Financial dropped their price target on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and a consensus target price of $274.73.

Vulcan Materials Trading Down 0.3 %

NYSE VMC opened at $244.40 on Thursday. The firm has a market capitalization of $32.32 billion, a P/E ratio of 35.68, a PEG ratio of 2.25 and a beta of 0.82. The business has a fifty day simple moving average of $248.41 and a 200 day simple moving average of $255.75. Vulcan Materials has a 12 month low of $190.51 and a 12 month high of $278.79. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 earnings per share. On average, analysts predict that Vulcan Materials will post 7.73 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a $0.46 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.75%. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.86%.

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.