Elo Mutual Pension Insurance Co decreased its stake in shares of Vulcan Materials (NYSE:VMC – Free Report) by 4.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,555 shares of the construction company’s stock after selling 555 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Vulcan Materials were worth $2,873,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in VMC. Gilbert & Cook Inc. boosted its position in shares of Vulcan Materials by 6.9% in the fourth quarter. Gilbert & Cook Inc. now owns 3,909 shares of the construction company’s stock valued at $887,000 after acquiring an additional 251 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Vulcan Materials by 45.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,602 shares of the construction company’s stock valued at $364,000 after purchasing an additional 498 shares during the period. Beacon Pointe Advisors LLC purchased a new position in shares of Vulcan Materials during the 4th quarter valued at $272,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Vulcan Materials in the fourth quarter worth $375,000. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Vulcan Materials by 11.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,842 shares of the construction company’s stock worth $872,000 after buying an additional 390 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.
Vulcan Materials Price Performance
Shares of Vulcan Materials stock opened at $253.79 on Friday. The stock has a market capitalization of $33.56 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 2.25 and a beta of 0.82. The company has a fifty day moving average of $248.39 and a 200-day moving average of $255.74. Vulcan Materials has a 52-week low of $190.51 and a 52-week high of $278.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48.
Vulcan Materials Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a $0.46 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.73%. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.86%.
Wall Street Analyst Weigh In
Several research firms recently commented on VMC. Citigroup reduced their target price 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. Truist Financial decreased their price objective 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. Loop Capital lowered their target price 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. Royal Bank of Canada cut their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Finally, Stephens decreased 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. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and an average price target of $274.73.
View Our Latest Stock Report on VMC
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.
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