Financial Partners Group LLC Acquires 116 Shares of Vulcan Materials (NYSE:VMC)

Financial Partners Group LLC boosted its holdings in Vulcan Materials (NYSE:VMC) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,033 shares of the construction company’s stock after acquiring an additional 116 shares during the period. Financial Partners Group LLC’s holdings in Vulcan Materials were worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of VMC. SouthState Corp grew its stake in Vulcan Materials by 669.2% in the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after buying an additional 87 shares during the last quarter. Register Financial Advisors LLC acquired a new position in shares of Vulcan Materials in the first quarter valued at approximately $27,000. Kings Path Partners LLC acquired a new position in shares of Vulcan Materials in the second quarter valued at approximately $27,000. UMB Bank n.a. increased its stake in shares of Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after purchasing an additional 47 shares during the period. Finally, Concord Wealth Partners acquired a new stake in Vulcan Materials during the 1st quarter worth approximately $34,000. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on VMC shares. Loop Capital cut their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Truist Financial cut their price target on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. 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 note on Wednesday, August 7th. Stephens dropped their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. reduced their target price on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and a consensus target price of $272.45.

Vulcan Materials Stock Performance

NYSE:VMC opened at $256.14 on Friday. Vulcan Materials has a twelve month low of $190.51 and a twelve month high of $278.79. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43. The stock’s 50-day simple moving average is $245.31 and its 200 day simple moving average is $252.17. The firm has a market capitalization of $33.83 billion, a PE ratio of 37.39, a price-to-earnings-growth ratio of 2.32 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.29 earnings per share. On average, analysts anticipate that Vulcan Materials will post 7.62 EPS for the current fiscal 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. This represents a $1.84 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s dividend payout ratio is presently 26.86%.

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.