Koshinski Asset Management Inc. Sells 585 Shares of Vulcan Materials (NYSE:VMC)

Posted by Defense World Staff on Apr 6th, 2023

Koshinski Asset Management Inc. lessened its position in Vulcan Materials (NYSE:VMC – Get Rating) by 21.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,191 shares of the construction company’s stock after selling 585 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Vulcan Materials were worth $384,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State of Michigan Retirement System lifted its holdings in shares of Vulcan Materials by 0.3% in the 3rd quarter. State of Michigan Retirement System now owns 35,976 shares of the construction company’s stock worth $5,674,000 after acquiring an additional 100 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Vulcan Materials by 24.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 7,965 shares of the construction company’s stock valued at $1,395,000 after buying an additional 1,583 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in Vulcan Materials by 4.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 28,507 shares of the construction company’s stock valued at $4,496,000 after buying an additional 1,295 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in Vulcan Materials by 1.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 21,228 shares of the construction company’s stock valued at $3,348,000 after buying an additional 278 shares in the last quarter. Finally, CWM LLC lifted its holdings in Vulcan Materials by 16.7% during the 3rd quarter. CWM LLC now owns 1,683 shares of the construction company’s stock valued at $265,000 after buying an additional 241 shares in the last quarter. Institutional investors own 90.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $185.00 to $200.00 in a report on Thursday, December 8th. Seaport Res Ptn reiterated a “neutral” rating on shares of Vulcan Materials in a report on Friday, February 10th. Morgan Stanley decreased their price objective on shares of Vulcan Materials from $199.00 to $191.00 and set an “equal weight” rating for the company in a report on Tuesday, February 21st. Raymond James lifted their price objective on shares of Vulcan Materials from $186.00 to $199.00 and gave the company an “outperform” rating in a report on Wednesday, January 25th. Finally, Truist Financial raised their target price on shares of Vulcan Materials from $210.00 to $225.00 in a research report on Friday, February 17th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and an average price target of $206.17.

Vulcan Materials Stock Down 2.8 %

Shares of Vulcan Materials stock opened at $164.06 on Thursday. The firm’s 50 day moving average price is $176.62 and its 200-day moving average price is $173.19. The company has a quick ratio of 1.38, a current ratio of 1.99 and a debt-to-equity ratio of 0.56. Vulcan Materials has a 52-week low of $137.54 and a 52-week high of $197.76. The company has a market cap of $21.83 billion, a P/E ratio of 38.07, a PEG ratio of 1.90 and a beta of 0.75.

Vulcan Materials (NYSE:VMC – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The construction company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.18). Vulcan Materials had a return on equity of 10.09% and a net margin of 7.87%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the firm earned $1.25 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts predict that Vulcan Materials will post 5.93 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 20th. Investors of record on Monday, March 6th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, March 3rd. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a yield of 1.05%. Vulcan Materials’s dividend payout ratio (DPR) is 39.91%.

Vulcan Materials Company Profile

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Vulcan Materials Co engages in the production of construction aggregates. Its products include crushed stone, sand, and gravel. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.