Sequoia Financial Advisors LLC Raises Holdings in Vulcan Materials (NYSE:VMC)

Sequoia Financial Advisors LLC increased its position in shares of Vulcan Materials (NYSE:VMC) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,987 shares of the construction company’s stock after buying an additional 44 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vulcan Materials were worth $498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Marcum Wealth LLC lifted its holdings in Vulcan Materials by 5.7% during the third quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock worth $214,000 after buying an additional 46 shares during the period. UMB Bank n.a. lifted its stake 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 worth $31,000 after purchasing an additional 47 shares during the last quarter. Monetary Management Group Inc. boosted its position in Vulcan Materials by 2.3% during the second quarter. Monetary Management Group Inc. now owns 2,250 shares of the construction company’s stock valued at $560,000 after purchasing an additional 50 shares in the last quarter. Covestor Ltd grew its stake in Vulcan Materials by 13.6% in the first quarter. Covestor Ltd now owns 425 shares of the construction company’s stock valued at $116,000 after purchasing an additional 51 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in Vulcan Materials by 26.5% in the second quarter. Versant Capital Management Inc now owns 267 shares of the construction company’s stock valued at $66,000 after purchasing an additional 56 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VMC shares. Stephens lowered their price target 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 lowered their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. StockNews.com downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th. 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. Finally, Truist Financial reduced their target price on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $272.45.

Vulcan Materials Trading Up 0.2 %

Shares of NYSE:VMC opened at $256.54 on Monday. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43. Vulcan Materials has a 52-week low of $190.51 and a 52-week high of $278.79. The stock has a market cap of $33.93 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.32 and a beta of 0.82. The business has a 50-day moving average price of $245.74 and a 200-day moving average price of $251.93.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results 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 business had revenue of $2.01 billion for 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 business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.29 earnings per share. Equities analysts predict that Vulcan Materials will post 7.62 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.72%. Vulcan Materials’s dividend payout ratio is presently 26.86%.

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.