20,207 Shares in Vulcan Materials (NYSE:VMC) Bought by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE acquired a new position in shares of Vulcan Materials (NYSE:VMC) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,207 shares of the construction company’s stock, valued at approximately $5,060,000. Vulcan Materials comprises about 2.8% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 18th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Advisors LLC raised its holdings in Vulcan Materials by 118.1% during the first quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock worth $1,132,000 after purchasing an additional 2,245 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Vulcan Materials by 621.1% in 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 during the last quarter. Mather Group LLC. raised its holdings in shares of Vulcan Materials by 16.1% in the second quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock worth $134,000 after acquiring an additional 68 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Vulcan Materials by 3.0% in the second quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock worth $50,367,000 after acquiring an additional 5,979 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Vulcan Materials by 150.1% in the first quarter. Avantax Advisory Services Inc. now owns 4,006 shares of the construction company’s stock worth $1,093,000 after acquiring an additional 2,404 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VMC. Loop Capital cut their price target on 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 dropped their target price on 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. Truist Financial dropped their target price 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. Stephens dropped their target price on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Citigroup dropped their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $274.73.

Vulcan Materials Stock Up 0.1 %

Shares of NYSE VMC traded up $0.33 on Friday, hitting $241.43. The company had a trading volume of 525,656 shares, compared to its average volume of 821,607. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43. Vulcan Materials has a 12-month low of $190.51 and a 12-month high of $278.79. The business has a 50 day moving average of $246.82 and a two-hundred day moving average of $254.38. The firm has a market capitalization of $31.88 billion, a P/E ratio of 35.25, a PEG ratio of 2.23 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last released its quarterly 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 return on equity of 12.19% and a net margin of 12.07%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $2.29 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that Vulcan Materials will post 7.73 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, August 15th. Vulcan Materials’s 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.