Bokf Na Has $2.09 Million Position in Vulcan Materials (NYSE:VMC)

Bokf Na trimmed its holdings in Vulcan Materials (NYSE:VMC) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,390 shares of the construction company’s stock after selling 84 shares during the period. Bokf Na’s holdings in Vulcan Materials were worth $2,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Vulcan Materials by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock valued at $4,368,273,000 after acquiring an additional 755,991 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Vulcan Materials by 1.9% in the first quarter. Principal Financial Group Inc. now owns 4,494,455 shares of the construction company’s stock valued at $1,226,627,000 after purchasing an additional 83,601 shares in the last quarter. Capital World Investors purchased a new position in shares of Vulcan Materials during the first quarter valued at approximately $388,027,000. Norges Bank bought a new stake in Vulcan Materials during the fourth quarter worth $282,528,000. Finally, Point72 Asset Management L.P. raised its position in Vulcan Materials by 271.0% in the 4th quarter. Point72 Asset Management L.P. now owns 823,141 shares of the construction company’s stock valued at $186,861,000 after buying an additional 601,268 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on VMC shares. Truist Financial dropped their price target on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Stephens dropped their target price on shares of 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 target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada decreased their price target 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, Loop Capital cut their price objective on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $274.73.

Vulcan Materials Price Performance

NYSE VMC opened at $237.47 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43. The company has a market cap of $31.36 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. Vulcan Materials has a 52 week low of $190.51 and a 52 week high of $278.79. The firm’s 50-day simple moving average is $248.40 and its two-hundred day simple moving average is $256.19.

Vulcan Materials (NYSE:VMC) last announced its quarterly 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 business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. Research analysts predict that Vulcan Materials will post 7.73 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Thursday, August 15th. Vulcan Materials’s dividend payout ratio (DPR) 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.