Benjamin F. Edwards & Company Inc. Cuts Holdings in Vulcan Materials (NYSE:VMC)

Benjamin F. Edwards & Company Inc. decreased its holdings in Vulcan Materials (NYSE:VMC) by 0.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,418 shares of the construction company’s stock after selling 43 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Vulcan Materials were worth $1,845,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Gilbert & Cook Inc. raised its holdings in Vulcan Materials by 6.9% in the fourth quarter. Gilbert & Cook Inc. now owns 3,909 shares of the construction company’s stock worth $887,000 after purchasing an additional 251 shares in the last quarter. Beacon Pointe Advisors LLC bought a new position in shares of Vulcan Materials during the 4th quarter worth approximately $272,000. Dynamic Technology Lab Private Ltd purchased a new stake in Vulcan Materials during the fourth quarter valued at approximately $375,000. Corient Private Wealth LLC grew its holdings in Vulcan Materials by 0.6% in the fourth quarter. Corient Private Wealth LLC now owns 33,571 shares of the construction company’s stock worth $7,621,000 after purchasing an additional 198 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Vulcan Materials by 4.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 13,769 shares of the construction company’s stock worth $3,126,000 after purchasing an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VMC shares. Royal Bank of Canada lowered their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Truist Financial lowered their price target on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Stephens cut their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Citigroup dropped their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Loop Capital decreased their price target on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus target price of $274.73.

Vulcan Materials Price Performance

NYSE:VMC opened at $252.05 on Monday. The firm’s fifty day moving average is $248.39 and its two-hundred day moving average is $255.48. The firm has a market cap of $33.33 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 2.25 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48. Vulcan Materials has a one year low of $190.51 and a one year high of $278.79.

Vulcan Materials (NYSE:VMC) last issued its 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 return on equity of 12.19% and a net margin of 12.07%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.29 EPS. Research analysts expect that Vulcan Materials will post 7.73 EPS for the current year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 15th. Vulcan Materials’s dividend payout ratio (DPR) is 26.86%.

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.