Evermay Wealth Management LLC Has $423,000 Stock Holdings in Vulcan Materials (NYSE:VMC)

Evermay Wealth Management LLC lessened its position in shares of Vulcan Materials (NYSE:VMC) by 5.9% in the third quarter, HoldingsChannel.com reports. The firm owned 1,690 shares of the construction company’s stock after selling 106 shares during the quarter. Evermay Wealth Management LLC’s holdings in Vulcan Materials were worth $423,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors acquired a new stake in shares of Vulcan Materials during the 1st quarter worth approximately $388,027,000. Vanguard Group Inc. raised its holdings in shares of Vulcan Materials by 5.0% during the first quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock valued at $4,368,273,000 after purchasing an additional 755,991 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Vulcan Materials by 18.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock valued at $533,551,000 after buying an additional 330,433 shares during the period. Nordea Investment Management AB increased its position in Vulcan Materials by 621.1% in the 1st quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock valued at $64,581,000 after buying an additional 203,166 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Vulcan Materials by 1,191.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,005 shares of the construction company’s stock worth $39,541,000 after acquiring an additional 146,695 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

NYSE VMC traded up $10.34 during trading hours on Wednesday, hitting $269.89. The company had a trading volume of 517,759 shares, compared to its average volume of 826,476. 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 has a market capitalization of $35.64 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 2.35 and a beta of 0.82. Vulcan Materials has a 52 week low of $195.70 and a 52 week high of $278.79. The firm has a 50 day simple moving average of $246.31 and a 200 day simple moving average of $251.85.

Vulcan Materials (NYSE:VMC) last posted 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). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the company posted $2.29 EPS. The business’s revenue was down 4.7% on a year-over-year basis. Equities research analysts expect that Vulcan Materials will post 7.58 earnings per share for the current 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. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 annualized dividend and a dividend yield of 0.68%. Vulcan Materials’s payout ratio is currently 26.86%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VMC. StockNews.com lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. Barclays upped their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday. Loop Capital dropped their price target 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. Citigroup reduced their price objective 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, Truist Financial dropped their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and a consensus target price of $273.50.

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.