Sanctuary Advisors LLC Purchases Shares of 23,548 Vulcan Materials (NYSE:VMC)

Sanctuary Advisors LLC acquired a new position in shares of Vulcan Materials (NYSE:VMC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,548 shares of the construction company’s stock, valued at approximately $6,152,000.

Several other large investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. raised its stake in Vulcan Materials by 1.6% during the 1st quarter. Contravisory Investment Management Inc. now owns 2,579 shares of the construction company’s stock worth $704,000 after buying an additional 40 shares during the period. UMB Bank n.a. increased its holdings in shares of Vulcan Materials by 61.8% during 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 in the last quarter. Monetary Management Group Inc. raised its position in shares of Vulcan Materials by 2.3% during the second quarter. Monetary Management Group Inc. now owns 2,250 shares of the construction company’s stock worth $560,000 after purchasing an additional 50 shares during the period. Covestor Ltd lifted its holdings in shares of Vulcan Materials by 13.6% in the 1st quarter. Covestor Ltd now owns 425 shares of the construction company’s stock worth $116,000 after purchasing an additional 51 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Vulcan Materials by 26.5% in the 2nd quarter. Versant Capital Management Inc now owns 267 shares of the construction company’s stock worth $66,000 after purchasing an additional 56 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. 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 research note on Wednesday, July 3rd. StockNews.com downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Tuesday. Stephens lowered their target price 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 cut their price target on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Truist Financial decreased 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $274.73.

Vulcan Materials Stock Performance

Shares of VMC opened at $241.43 on Friday. The stock has a 50 day moving average of $246.42 and a 200 day moving average of $254.18. The company has a market capitalization of $31.88 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 2.23 and a beta of 0.82. Vulcan Materials has a 12 month low of $190.51 and a 12 month high of $278.79. 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 (NYSE:VMC) last announced its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) 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 analysts’ expectations of $2.03 billion. Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.29 earnings per share. As a group, sell-side analysts forecast that Vulcan Materials will post 7.73 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, August 15th. Vulcan Materials’s dividend payout ratio 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.