Swiss National Bank Acquires 1,100 Shares of Vulcan Materials (NYSE:VMC)

Swiss National Bank raised its holdings in Vulcan Materials (NYSE:VMC) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 392,600 shares of the construction company’s stock after buying an additional 1,100 shares during the period. Swiss National Bank’s holdings in Vulcan Materials were worth $98,319,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Covestor Ltd grew its position in shares of Vulcan Materials by 13.6% during the 1st quarter. Covestor Ltd now owns 425 shares of the construction company’s stock worth $116,000 after buying an additional 51 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Vulcan Materials by 12.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 9,266 shares of the construction company’s stock valued at $2,529,000 after buying an additional 1,018 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in Vulcan Materials by 298.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,207 shares of the construction company’s stock worth $1,421,000 after purchasing an additional 3,900 shares in the last quarter. Lake Street Advisors Group LLC acquired a new stake in shares of Vulcan Materials during the first quarter worth $206,000. Finally, National Bank of Canada FI grew its stake in Vulcan Materials by 14.6% during the 1st quarter. National Bank of Canada FI now owns 59,462 shares of the construction company’s stock valued at $16,176,000 after purchasing an additional 7,583 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Down 0.2 %

NYSE:VMC opened at $278.74 on Tuesday. The firm has a market cap of $36.81 billion, a P/E ratio of 43.97, a PEG ratio of 2.68 and a beta of 0.81. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The stock’s 50 day simple moving average is $257.61 and its 200-day simple moving average is $254.15. Vulcan Materials has a 12-month low of $209.39 and a 12-month high of $298.31.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the firm earned $2.29 earnings per share. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. Equities analysts anticipate that Vulcan Materials will post 7.2 EPS for the current year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.66%. Vulcan Materials’s payout ratio is 29.02%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VMC shares. Truist Financial upped their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada lowered their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. UBS Group began coverage on Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective on the stock. Barclays increased their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.46.

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.