1,963 Shares in Vulcan Materials (NYSE:VMC) Bought by Cranbrook Wealth Management LLC

Cranbrook Wealth Management LLC bought a new position in shares of Vulcan Materials (NYSE:VMC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,963 shares of the construction company’s stock, valued at approximately $488,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Gilbert & Cook Inc. increased its holdings in shares of Vulcan Materials by 6.9% during the fourth quarter. Gilbert & Cook Inc. now owns 3,909 shares of the construction company’s stock worth $887,000 after buying an additional 251 shares in the last quarter. Avantax Advisory Services Inc. raised its position in Vulcan Materials by 45.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,602 shares of the construction company’s stock valued at $364,000 after purchasing an additional 498 shares during the last quarter. Beacon Pointe Advisors LLC bought a new position in Vulcan Materials in the fourth quarter valued at about $272,000. Independent Advisor Alliance boosted its stake in shares of Vulcan Materials by 1.2% during the fourth quarter. Independent Advisor Alliance now owns 6,411 shares of the construction company’s stock valued at $1,455,000 after purchasing an additional 73 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Vulcan Materials during the fourth quarter worth about $282,528,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VMC has been the subject of several recent research reports. Stephens decreased their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Citigroup lowered their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Truist Financial reduced their price target on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Loop Capital lowered their price objective on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Finally, Royal Bank of Canada reduced their target price on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and an average price target of $274.73.

Vulcan Materials Stock Performance

Shares of VMC opened at $242.84 on Tuesday. The stock has a 50-day moving average of $248.42 and a 200-day moving average of $255.99. Vulcan Materials has a one year low of $190.51 and a one year high of $278.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.66. The company has a market cap of $32.07 billion, a PE ratio of 35.45, a P/E/G ratio of 2.19 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm posted $2.29 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts predict that Vulcan Materials will post 7.73 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.46 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.76%. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.86%.

Vulcan Materials 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.