Vulcan Materials (NYSE:VMC) Shares Bought by Geneva Capital Management LLC

Geneva Capital Management LLC lifted its stake in Vulcan Materials (NYSE:VMC) by 20.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,536 shares of the construction company’s stock after buying an additional 9,980 shares during the period. Geneva Capital Management LLC’s holdings in Vulcan Materials were worth $14,659,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aigen Investment Management LP acquired a new stake in shares of Vulcan Materials during the third quarter worth about $1,605,000. Prime Capital Investment Advisors LLC increased its position in Vulcan Materials by 11.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,113 shares of the construction company’s stock worth $279,000 after buying an additional 110 shares during the period. Proactive Wealth Strategies LLC purchased a new stake in Vulcan Materials in the third quarter valued at approximately $2,755,000. GSA Capital Partners LLP boosted its holdings in shares of Vulcan Materials by 78.9% in the third quarter. GSA Capital Partners LLP now owns 2,170 shares of the construction company’s stock valued at $543,000 after acquiring an additional 957 shares during the period. Finally, Waverton Investment Management Ltd grew its position in shares of Vulcan Materials by 25.4% during the third quarter. Waverton Investment Management Ltd now owns 188,948 shares of the construction company’s stock worth $47,302,000 after acquiring an additional 38,329 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on VMC shares. Truist Financial lifted their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup reduced their price objective 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. Royal Bank of Canada dropped their target price on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Stephens decreased their price target on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $280.46.

Vulcan Materials Stock Down 1.3 %

VMC stock opened at $288.38 on Wednesday. Vulcan Materials has a 12 month low of $209.39 and a 12 month high of $298.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The company’s 50 day simple moving average is $252.67 and its 200-day simple moving average is $253.36. The firm has a market capitalization of $38.08 billion, a PE ratio of 45.49, a P/E/G ratio of 2.81 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The business’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 EPS. Equities analysts expect that Vulcan Materials will post 7.2 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is 29.02%.

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.