Mercer Global Advisors Inc. ADV Has $2.61 Million Stock Position in Vulcan Materials (NYSE:VMC)

Mercer Global Advisors Inc. ADV lifted its holdings in shares of Vulcan Materials (NYSE:VMC) by 3.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,491 shares of the construction company’s stock after buying an additional 309 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Vulcan Materials were worth $2,609,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Argent Trust Co raised its holdings in shares of Vulcan Materials by 6.9% during the 2nd quarter. Argent Trust Co now owns 13,247 shares of the construction company’s stock worth $3,294,000 after buying an additional 858 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its position in Vulcan Materials by 4.6% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 11,673 shares of the construction company’s stock worth $2,903,000 after acquiring an additional 512 shares during the last quarter. Cranbrook Wealth Management LLC bought a new stake in Vulcan Materials during the 2nd quarter worth $488,000. Sargent Investment Group LLC grew its position in Vulcan Materials by 101.6% during the 2nd quarter. Sargent Investment Group LLC now owns 2,536 shares of the construction company’s stock worth $631,000 after acquiring an additional 1,278 shares during the last quarter. Finally, Citizens Financial Group Inc. RI bought a new stake in Vulcan Materials during the 2nd quarter worth $244,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Down 0.6 %

Shares of Vulcan Materials stock opened at $252.05 on Monday. Vulcan Materials has a one year low of $190.51 and a one year high of $278.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.66. The stock’s 50-day moving average is $248.39 and its 200 day moving average is $255.48. The firm has a market cap of $33.33 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 2.25 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Tuesday, August 6th. The construction company reported $2.35 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company earned $2.29 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities research analysts anticipate that Vulcan Materials will post 7.73 EPS for the current year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 15th. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.86%.

Wall Street Analyst Weigh In

VMC has been the topic of a number of research reports. Truist Financial reduced their price objective 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. Citigroup reduced their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada reduced their price target on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Loop Capital reduced their price target 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. Finally, Stephens reduced their price target on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and an average price target of $274.73.

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.