Vulcan Materials (NYSE:VMC) Shares Bought by Bamco Inc. NY

Bamco Inc. NY lifted its holdings in shares of Vulcan Materials (NYSE:VMC) by 9.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 289,493 shares of the construction company’s stock after purchasing an additional 24,790 shares during the quarter. Bamco Inc. NY’s holdings in Vulcan Materials were worth $72,498,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. United Asset Strategies Inc. lifted its position in Vulcan Materials by 1.1% during the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock worth $938,000 after buying an additional 39 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Vulcan Materials by 2.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock valued at $498,000 after acquiring an additional 44 shares during the last quarter. Marcum Wealth LLC increased its stake in shares of 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 acquiring 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 worth $31,000 after acquiring an additional 47 shares during the period. Finally, Golden State Equity Partners boosted its position in shares of Vulcan Materials by 4.5% in the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock worth $275,000 after acquiring an additional 47 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on VMC. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Royal Bank of Canada dropped their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Barclays lifted their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price target on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Finally, Citigroup cut their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $283.92.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $288.13 on Monday. 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 has a one year low of $209.60 and a one year high of $298.31. The stock’s 50 day moving average price is $265.28 and its 200 day moving average price is $255.16. The firm has a market capitalization of $38.05 billion, a PE ratio of 45.45, a price-to-earnings-growth ratio of 2.79 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last released 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 firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business posted $2.29 earnings per share. Vulcan Materials’s revenue for the quarter was down 8.3% on a year-over-year basis. As a group, sell-side analysts expect that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Monday, November 4th. Vulcan Materials’s payout ratio is 29.02%.

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.