SYSTM Wealth Solutions LLC Has $306,000 Stock Holdings in Vulcan Materials (NYSE:VMC)

SYSTM Wealth Solutions LLC reduced its position in Vulcan Materials (NYSE:VMC) by 5.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,232 shares of the construction company’s stock after selling 71 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Vulcan Materials were worth $306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. SouthState Corp raised its holdings in Vulcan Materials by 669.2% during the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after purchasing an additional 87 shares during the last quarter. Register Financial Advisors LLC bought a new stake in shares of Vulcan Materials during the first quarter worth approximately $27,000. Kings Path Partners LLC acquired a new position in Vulcan Materials in the second quarter valued at approximately $27,000. UMB Bank n.a. boosted its stake in 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 acquiring an additional 47 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in Vulcan Materials during the 1st quarter worth $33,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Truist Financial dropped their price objective on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Loop Capital cut their price target on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Citigroup reduced their price objective on shares of 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 lowered 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 note on Wednesday, August 7th. Finally, Stephens reduced their price target on shares of 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 investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average price target of $274.73.

Vulcan Materials Price Performance

NYSE:VMC opened at $244.40 on Thursday. Vulcan Materials has a 52 week low of $190.51 and a 52 week high of $278.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48. The firm’s 50-day simple moving average is $248.41 and its 200 day simple moving average is $255.75. The firm has a market cap of $32.32 billion, a price-to-earnings ratio of 35.68, a P/E/G ratio of 2.25 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business earned $2.29 EPS. Vulcan Materials’s revenue was down 4.7% on a year-over-year basis. As a group, sell-side analysts predict that Vulcan Materials will post 7.73 earnings per share for the current year.

Vulcan Materials Announces Dividend

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

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.