Barclays PLC Grows Position in Vulcan Materials (NYSE:VMC)

Barclays PLC boosted its holdings in Vulcan Materials (NYSE:VMC) by 29.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 472,194 shares of the construction company’s stock after buying an additional 106,187 shares during the quarter. Barclays PLC owned 0.36% of Vulcan Materials worth $118,251,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of VMC. United Asset Strategies Inc. raised its holdings in shares of Vulcan Materials by 1.1% during the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock valued at $938,000 after purchasing an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Vulcan Materials by 2.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after purchasing an additional 44 shares during the period. Marcum Wealth LLC raised its stake in Vulcan Materials by 5.7% during the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock valued at $214,000 after buying an additional 46 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Vulcan Materials by 61.8% during the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after buying an additional 47 shares during the period. Finally, Golden State Equity Partners boosted its stake in shares of Vulcan Materials by 4.5% in the 3rd quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock worth $275,000 after buying an additional 47 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

NYSE:VMC opened at $276.27 on Wednesday. The business’s 50-day simple moving average is $269.52 and its two-hundred day simple moving average is $256.25. Vulcan Materials has a 52 week low of $216.38 and a 52 week high of $298.31. The stock has a market cap of $36.48 billion, a PE ratio of 43.58, a P/E/G ratio of 2.77 and a beta of 0.81. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42.

Vulcan Materials (NYSE:VMC) last issued its 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). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the business posted $2.29 EPS. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. As a group, analysts forecast that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced 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 0.67%. The ex-dividend date was Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is presently 29.02%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VMC shares. JPMorgan Chase & Co. upped their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. UBS Group assumed coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective on the stock. Truist Financial boosted their target price 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. Barclays increased their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Five research 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 currently has an average rating of “Moderate Buy” and an average price target of $283.92.

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.