Eads & Heald Wealth Management Trims Holdings in Vulcan Materials (NYSE:VMC)

by · The Cerbat Gem

Eads & Heald Wealth Management lowered its holdings in shares of Vulcan Materials (NYSE:VMC – Free Report) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,442 shares of the construction company’s stock after selling 120 shares during the period. Eads & Heald Wealth Management’s holdings in Vulcan Materials were worth $1,613,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Vulcan Materials by 5.0% during the first quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock valued at $4,368,273,000 after purchasing an additional 755,991 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Vulcan Materials by 18.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock valued at $533,551,000 after buying an additional 330,433 shares during the period. Capital World Investors purchased a new position in shares of Vulcan Materials in the 1st quarter worth $388,027,000. Vontobel Holding Ltd. grew its holdings in shares of Vulcan Materials by 7.1% in the third quarter. Vontobel Holding Ltd. now owns 1,369,530 shares of the construction company’s stock worth $342,971,000 after acquiring an additional 91,318 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Vulcan Materials by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company’s stock valued at $331,404,000 after acquiring an additional 43,294 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Down 1.3 %

NYSE VMC opened at $270.39 on Friday. Vulcan Materials has a 12 month low of $206.02 and a 12 month high of $279.47. The company has a current ratio of 2.86, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The stock has a market cap of $35.71 billion, a PE ratio of 42.65, a P/E/G ratio of 2.60 and a beta of 0.80. The stock’s 50 day moving average is $247.70 and its 200 day moving average is $252.24.

Vulcan Materials (NYSE:VMC – Get Free Report) last released its quarterly earnings data 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 company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the business earned $2.29 EPS. The company’s quarterly revenue was down 8.3% on a year-over-year basis. Research analysts predict that Vulcan Materials will post 7.32 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is presently 29.02%.

Analyst Ratings Changes

VMC has been the subject of a number of recent research reports. Citigroup cut their price target on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. 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. JPMorgan Chase & Co. decreased their price target on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Stephens reduced their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Barclays raised their target price on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $274.75.

Get Our Latest Analysis on Vulcan Materials

About Vulcan Materials

(Free Report)

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.

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