Wilmington Savings Fund Society FSB Invests $671,000 in Vulcan Materials (NYSE:VMC)

Wilmington Savings Fund Society FSB bought a new position in shares of Vulcan Materials (NYSE:VMC) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,678 shares of the construction company’s stock, valued at approximately $671,000.

Other large investors have also added to or reduced their stakes in the company. SouthState Corp increased its holdings in shares of Vulcan Materials by 669.2% in the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after purchasing an additional 87 shares during the last quarter. Kings Path Partners LLC acquired a new position in Vulcan Materials in the 2nd quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new position in Vulcan Materials in the 3rd quarter valued at about $30,000. UMB Bank n.a. raised its holdings in Vulcan Materials by 61.8% in the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after acquiring an additional 47 shares during the period. Finally, Concord Wealth Partners acquired a new stake in Vulcan Materials during the third quarter worth approximately $35,000. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VMC. Barclays lifted their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Truist Financial lifted their target price on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. UBS Group initiated coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective for the company. Finally, StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average price target of $283.92.

Vulcan Materials Trading Down 0.8 %

Shares of VMC stock opened at $275.77 on Monday. Vulcan Materials has a fifty-two week low of $218.37 and a fifty-two week high of $298.31. The stock’s fifty day moving average price is $272.31 and its two-hundred day moving average price is $256.85. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The company has a market cap of $36.42 billion, a PE ratio of 43.50, a P/E/G ratio of 2.67 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results 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 company 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 company’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.29 earnings per share. Equities analysts predict that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were issued a dividend of $0.46 per share. The ex-dividend date was Monday, November 4th. This represents a $1.84 annualized dividend and a dividend yield of 0.67%. Vulcan Materials’s dividend payout ratio (DPR) is presently 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.