Legacy Private Trust Co. Sells 80 Shares of Vulcan Materials (NYSE:VMC)

Legacy Private Trust Co. lessened its stake in shares of Vulcan Materials (NYSE:VMC) by 5.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,480 shares of the construction company’s stock after selling 80 shares during the period. Legacy Private Trust Co.’s holdings in Vulcan Materials were worth $371,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Contravisory Investment Management Inc. raised its holdings in Vulcan Materials by 1.6% during the first quarter. Contravisory Investment Management Inc. now owns 2,579 shares of the construction company’s stock worth $704,000 after acquiring an additional 40 shares in the last quarter. UMB Bank n.a. raised its stake in Vulcan Materials by 61.8% in the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after buying an additional 47 shares during the period. Monetary Management Group Inc. raised its stake in Vulcan Materials by 2.3% in the second quarter. Monetary Management Group Inc. now owns 2,250 shares of the construction company’s stock valued at $560,000 after buying an additional 50 shares during the period. Covestor Ltd raised its stake in Vulcan Materials by 13.6% in the first quarter. Covestor Ltd now owns 425 shares of the construction company’s stock valued at $116,000 after buying an additional 51 shares during the period. Finally, Versant Capital Management Inc raised its stake in Vulcan Materials by 26.5% in the second quarter. Versant Capital Management Inc now owns 267 shares of the construction company’s stock valued at $66,000 after buying an additional 56 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Up 0.0 %

Shares of NYSE:VMC opened at $238.09 on Wednesday. The company has a market capitalization of $31.44 billion, a P/E ratio of 34.76, a P/E/G ratio of 2.24 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 debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.66. The business’s 50 day simple moving average is $245.89 and its 200 day simple moving average is $253.69.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 EPS. On average, research analysts anticipate that Vulcan Materials will post 7.73 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Thursday, August 15th. Vulcan Materials’s dividend payout ratio is currently 26.86%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VMC. Stephens dropped their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Citigroup dropped their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Truist Financial dropped their price objective on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Loop Capital dropped their price objective on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Finally, StockNews.com downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned 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.

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.