EA Series Trust purchased a new position in shares of Vulcan Materials (NYSE:VMC – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,075 shares of the construction company’s stock, valued at approximately $242,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Achmea Investment Management B.V. bought a new stake in Vulcan Materials during the 1st quarter worth approximately $29,000. Raleigh Capital Management Inc. bought a new stake in shares of Vulcan Materials during the second quarter worth $30,000. M&R Capital Management Inc. raised its holdings in shares of Vulcan Materials by 144.8% during the second quarter. M&R Capital Management Inc. now owns 142 shares of the construction company’s stock worth $32,000 after acquiring an additional 84 shares during the period. Money Concepts Capital Corp bought a new stake in Vulcan Materials in the 4th quarter valued at $39,000. Finally, Fiduciary Alliance LLC acquired a new position in Vulcan Materials in the 2nd quarter worth $41,000. Institutional investors and hedge funds own 90.10% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently commented on VMC shares. Raymond James cut their price target on Vulcan Materials from $243.00 to $240.00 and set an “outperform” rating on the stock in a report on Thursday, October 12th. JPMorgan Chase & Co. upped their price target on Vulcan Materials from $230.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, August 24th. Royal Bank of Canada lifted their price objective on shares of Vulcan Materials from $212.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Stephens increased their target price on shares of Vulcan Materials from $230.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. Finally, StockNews.com initiated coverage on shares of Vulcan Materials in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $240.29.
Vulcan Materials Price Performance
Shares of NYSE VMC opened at $202.45 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 2.58 and a debt-to-equity ratio of 0.54. Vulcan Materials has a twelve month low of $154.63 and a twelve month high of $229.75. The business’s 50 day moving average price is $211.27 and its two-hundred day moving average price is $205.99. The company has a market cap of $26.90 billion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 1.28 and a beta of 0.80.
Vulcan Materials (NYSE:VMC – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $2.29 EPS for the quarter, beating the consensus estimate of $1.91 by $0.38. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.05 billion. Vulcan Materials had a net margin of 9.57% and a return on equity of 11.64%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.53 earnings per share. On average, analysts predict that Vulcan Materials will post 6.86 EPS for the current year.
Vulcan Materials Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.72 annualized dividend and a yield of 0.85%. Vulcan Materials’s dividend payout ratio (DPR) is presently 31.68%.
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 Aggregates segment 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.
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