Fidelis Capital Partners LLC Lowers Stake in Vulcan Materials (NYSE:VMC)

Fidelis Capital Partners LLC lowered its holdings in shares of Vulcan Materials (NYSE:VMC) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,419 shares of the construction company’s stock after selling 67 shares during the period. Fidelis Capital Partners LLC’s holdings in Vulcan Materials were worth $1,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VMC. Capital World Investors bought a new position in Vulcan Materials during the 1st quarter valued at approximately $388,027,000. Vanguard Group Inc. increased its holdings in shares of Vulcan Materials by 5.0% during the first 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. Point72 Asset Management L.P. increased its holdings in shares of Vulcan Materials by 271.0% during the fourth quarter. Point72 Asset Management L.P. now owns 823,141 shares of the construction company’s stock valued at $186,861,000 after acquiring an additional 601,268 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Vulcan Materials by 621.1% in the 1st quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock worth $64,581,000 after purchasing an additional 203,166 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Vulcan Materials by 190.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 270,069 shares of the construction company’s stock worth $61,308,000 after purchasing an additional 177,085 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

VMC has been the subject of several recent analyst reports. Truist Financial decreased their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Loop Capital decreased their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. 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. 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. Finally, Stephens lowered their price target on 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.73.

Vulcan Materials Stock Down 0.6 %

VMC opened at $252.05 on Monday. The firm’s 50 day simple moving average is $248.39 and its two-hundred day simple moving average is $255.48. The company has a market capitalization of $33.33 billion, a PE ratio of 36.80, a PEG ratio of 2.25 and a beta of 0.82. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $278.79. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43.

Vulcan Materials (NYSE:VMC) last released its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share 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 company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the firm posted $2.29 earnings per share. Vulcan Materials’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities analysts forecast 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. Shareholders of record on Thursday, August 15th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 15th. Vulcan Materials’s dividend payout ratio is currently 26.86%.

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.