DRW Securities LLC Buys New Position in Vulcan Materials (NYSE:VMC)

DRW Securities LLC purchased a new position in Vulcan Materials (NYSE:VMC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,923 shares of the construction company’s stock, valued at approximately $478,000.

Other institutional investors have also added to or reduced their stakes in the company. SouthState Corp increased its stake in shares of Vulcan Materials by 669.2% in the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after purchasing an additional 87 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in Vulcan Materials in the first quarter worth about $27,000. Kings Path Partners LLC bought a new position in shares of Vulcan Materials in the second quarter worth about $27,000. UMB Bank n.a. lifted its position in shares of Vulcan Materials by 61.8% during the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after buying an additional 47 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Vulcan Materials during the 1st quarter valued at about $33,000. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $252.19 on Tuesday. The firm has a market cap of $33.35 billion, a PE ratio of 36.82, a PEG ratio of 2.25 and a beta of 0.82. The stock has a 50 day moving average of $248.35 and a 200 day moving average of $255.35. 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 has a 12 month low of $190.51 and a 12 month high of $278.79.

Vulcan Materials (NYSE:VMC) last posted 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). Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. On average, research analysts expect 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 dividend yield of 0.73%. Vulcan Materials’s payout ratio is currently 26.86%.

Analyst Upgrades and Downgrades

A number of research firms have commented on VMC. Citigroup decreased 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 note on Thursday, August 8th. Royal Bank of Canada decreased their price objective on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Loop Capital dropped their target price 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. Stephens decreased their price target on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, 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 research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $274.73.

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.