Kestra Investment Management LLC Invests $862,000 in Vulcan Materials (NYSE:VMC)

Kestra Investment Management LLC purchased a new stake in Vulcan Materials (NYSE:VMC) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 3,443 shares of the construction company’s stock, valued at approximately $862,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cetera Advisors LLC raised its stake in shares of Vulcan Materials by 118.1% in the 1st quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock valued at $1,132,000 after acquiring an additional 2,245 shares during the period. Mather Group LLC. raised its position in Vulcan Materials by 16.1% in the second quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock valued at $134,000 after purchasing an additional 68 shares during the period. Raymond James & Associates lifted its stake in shares of Vulcan Materials by 3.0% during the second quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock worth $50,367,000 after purchasing an additional 5,979 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Vulcan Materials by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company’s stock worth $331,404,000 after buying an additional 43,294 shares during the period. Finally, Tower Bridge Advisors grew its stake in shares of Vulcan Materials by 64.5% in the third quarter. Tower Bridge Advisors now owns 4,936 shares of the construction company’s stock valued at $1,236,000 after buying an additional 1,936 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VMC shares. 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. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Barclays lifted their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Truist Financial upped their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, UBS Group started coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price on the stock. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $283.92.

Vulcan Materials Trading Up 0.6 %

Shares of NYSE VMC opened at $288.13 on Monday. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average price is $265.28 and its two-hundred day moving average price is $255.16. Vulcan Materials has a 52-week low of $209.60 and a 52-week high of $298.31. The stock has a market capitalization of $38.05 billion, a P/E ratio of 45.45, a PEG ratio of 2.79 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 (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.12). The firm had revenue of $2 billion for 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 revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 earnings per share. On average, analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

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

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.