Global Retirement Partners LLC Has $375,000 Position in Vulcan Materials (NYSE:VMC)

Global Retirement Partners LLC lowered its holdings in Vulcan Materials (NYSE:VMC) by 9.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,497 shares of the construction company’s stock after selling 162 shares during the quarter. Global Retirement Partners LLC’s holdings in Vulcan Materials were worth $375,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Register Financial Advisors LLC acquired a new position in shares of Vulcan Materials during the first quarter valued at $27,000. SouthState Corp lifted its stake in shares of Vulcan Materials by 669.2% during the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after acquiring an additional 87 shares during the period. Kings Path Partners LLC acquired a new position in shares of Vulcan Materials during the second quarter valued at $27,000. UMB Bank n.a. lifted its stake 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 during the period. Finally, Concord Wealth Partners acquired a new position in shares of Vulcan Materials during the first quarter valued at $34,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Down 0.7 %

Shares of Vulcan Materials stock opened at $259.94 on Tuesday. Vulcan Materials has a 1 year low of $190.51 and a 1 year high of $278.79. The business has a 50-day moving average of $244.89 and a two-hundred day moving average of $252.28. The company has a market capitalization of $34.38 billion, a P/E ratio of 37.95, a price-to-earnings-growth ratio of 2.45 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.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate 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 business posted $2.29 earnings per share. As a group, equities analysts predict that Vulcan Materials will post 7.67 EPS for the current year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.71%. Vulcan Materials’s payout ratio is presently 26.86%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VMC shares. Citigroup cut their price target on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. cut their price target on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Royal Bank of Canada cut their target price 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. Loop Capital cut their target price on 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, Stephens cut their target price on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $272.45.

About Vulcan Materials

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.