Empower Advisory Group LLC Trims Holdings in Vulcan Materials (NYSE:VMC)

Empower Advisory Group LLC reduced its holdings in shares of Vulcan Materials (NYSE:VMC) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,128 shares of the construction company’s stock after selling 91 shares during the quarter. Empower Advisory Group LLC’s holdings in Vulcan Materials were worth $9,799,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cetera Advisors LLC raised its position in shares of Vulcan Materials by 118.1% during the 1st quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock valued at $1,132,000 after acquiring an additional 2,245 shares in the last quarter. Mather Group LLC. raised its position in shares of Vulcan Materials by 16.1% during the 2nd quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock valued at $134,000 after acquiring an additional 68 shares in the last quarter. Raymond James & Associates raised its position in shares of Vulcan Materials by 3.0% during the 2nd quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock valued at $50,367,000 after acquiring an additional 5,979 shares in the last quarter. Avantax Advisory Services Inc. raised its position in shares of Vulcan Materials by 150.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,006 shares of the construction company’s stock valued at $1,093,000 after acquiring an additional 2,404 shares in the last quarter. Finally, Tidal Investments LLC raised its position in shares of Vulcan Materials by 87.1% during the 1st quarter. Tidal Investments LLC now owns 9,591 shares of the construction company’s stock valued at $2,618,000 after acquiring an additional 4,466 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VMC has been the topic of several research reports. Truist Financial upped their price target 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 dropped their target price 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. Barclays increased their target price on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Stephens dropped their target price on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and an average price target of $280.46.

Vulcan Materials Trading Down 0.2 %

NYSE:VMC opened at $287.68 on Thursday. The business has a fifty day moving average of $253.66 and a 200-day moving average of $253.55. Vulcan Materials has a 1 year low of $209.39 and a 1 year high of $298.31. The stock has a market cap of $37.99 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 2.77 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share 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 firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the business earned $2.29 EPS. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. Equities analysts predict that Vulcan Materials will post 7.2 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be paid a $0.46 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.64%. Vulcan Materials’s dividend payout ratio is currently 29.02%.

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.