Thrivent Financial for Lutherans Has $6.41 Million Stake in Vulcan Materials (NYSE:VMC)

Thrivent Financial for Lutherans lessened its stake in shares of Vulcan Materials (NYSE:VMC) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,763 shares of the construction company’s stock after selling 1,446 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Vulcan Materials were worth $6,406,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in VMC. Register Financial Advisors LLC bought a new position in shares of Vulcan Materials in the first quarter valued at approximately $27,000. SouthState Corp raised its holdings in 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 acquiring an additional 87 shares during the period. Kings Path Partners LLC acquired a new position in Vulcan Materials during the 2nd quarter worth $27,000. Opal Wealth Advisors LLC acquired a new position in Vulcan Materials during the 1st quarter worth $33,000. Finally, YHB Investment Advisors Inc. bought a new stake in Vulcan Materials during the first quarter valued at about $34,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Up 0.3 %

VMC opened at $250.47 on Friday. The company has a market capitalization of $33.08 billion, a P/E ratio of 36.57, a P/E/G ratio of 2.32 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.66. The firm’s fifty day moving average price is $247.97 and its two-hundred day moving average price is $255.19. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $278.79.

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

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders 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 annualized dividend and a dividend yield of 0.73%. Vulcan Materials’s dividend payout ratio is currently 26.86%.

Analyst Ratings Changes

A number of equities analysts have recently commented on VMC shares. Royal Bank of Canada dropped their price objective 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. 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 report on Thursday, August 8th. Citigroup reduced their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Loop Capital lowered their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Finally, Truist Financial cut their target price 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 analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.