Inspire Investing LLC Has $263,000 Stake in Vulcan Materials (NYSE:VMC)

Inspire Investing LLC lowered its position in shares of Vulcan Materials (NYSE:VMC) by 34.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,059 shares of the construction company’s stock after selling 561 shares during the quarter. Inspire Investing LLC’s holdings in Vulcan Materials were worth $263,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Capital World Investors bought a new stake in shares of Vulcan Materials during the 1st quarter valued at about $388,027,000. Vanguard Group Inc. increased its stake in shares of 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. Point72 Asset Management L.P. boosted its stake in 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 worth $186,861,000 after acquiring an additional 601,268 shares in the last quarter. Nordea Investment Management AB boosted its stake in Vulcan Materials by 621.1% during the first quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock worth $64,581,000 after acquiring an additional 203,166 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Vulcan Materials by 190.4% in the fourth 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 during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VMC shares. Loop Capital cut their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Truist Financial reduced their price objective on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada lowered their target price 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. Citigroup reduced their price target on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Stephens dropped their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $274.73.

Vulcan Materials Stock Down 0.9 %

Vulcan Materials stock opened at $249.94 on Wednesday. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two 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. The firm’s 50-day simple moving average is $248.09 and its 200 day simple moving average is $255.23. The stock has a market cap of $33.06 billion, a PE ratio of 36.49, a price-to-earnings-growth 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 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The business had revenue of $2.01 billion during 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%. Vulcan Materials’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.29 EPS. Research analysts predict that Vulcan Materials will post 7.73 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders 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 dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, August 15th. Vulcan Materials’s payout ratio is 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.