Citizens Financial Group Inc. RI Purchases Shares of 982 Vulcan Materials (NYSE:VMC)

Citizens Financial Group Inc. RI purchased a new stake in shares of Vulcan Materials (NYSE:VMC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 982 shares of the construction company’s stock, valued at approximately $244,000.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Vulcan Materials by 5.0% during the first quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock valued at $4,368,273,000 after acquiring an additional 755,991 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Vulcan Materials by 1.9% during the first quarter. Principal Financial Group Inc. now owns 4,494,455 shares of the construction company’s stock valued at $1,226,627,000 after acquiring an additional 83,601 shares during the last quarter. Capital World Investors acquired a new stake in shares of Vulcan Materials during the first quarter valued at about $388,027,000. Dimensional Fund Advisors LP increased its position in shares of Vulcan Materials by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company’s stock valued at $331,404,000 after acquiring an additional 43,294 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Vulcan Materials by 271.0% in the fourth quarter. Point72 Asset Management L.P. now owns 823,141 shares of the construction company’s stock valued at $186,861,000 after purchasing an additional 601,268 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Up 3.8 %

Shares of Vulcan Materials stock opened at $253.79 on Friday. Vulcan Materials has a 52-week low of $190.51 and a 52-week high of $278.79. The company has a 50 day moving average of $248.39 and a 200 day moving average of $255.74. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $33.56 billion, a P/E ratio of 37.05, a P/E/G ratio of 2.25 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 earnings per share 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 analyst estimates of $2.03 billion. During the same period in the previous year, the business posted $2.29 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, research analysts forecast that Vulcan Materials will post 7.73 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.73%. Vulcan Materials’s payout ratio is currently 26.86%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Loop Capital lowered their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Citigroup lowered their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada lowered their price objective 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. Stephens lowered their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Truist Financial lowered their price objective on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $274.73.

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.