Hantz Financial Services Inc. Sells 1,807 Shares of Vulcan Materials (NYSE:VMC)

Hantz Financial Services Inc. trimmed its position in shares of Vulcan Materials (NYSE:VMC) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,597 shares of the construction company’s stock after selling 1,807 shares during the quarter. Hantz Financial Services Inc.’s holdings in Vulcan Materials were worth $8,163,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. United Asset Strategies Inc. boosted its stake in shares of Vulcan Materials by 1.1% during the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock worth $938,000 after purchasing an additional 39 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Vulcan Materials by 2.3% in the third quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after purchasing an additional 44 shares during the last quarter. Marcum Wealth LLC boosted its position in shares of Vulcan Materials by 5.7% during the third quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock valued at $214,000 after buying an additional 46 shares during the period. UMB Bank n.a. grew 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 valued at $31,000 after buying an additional 47 shares during the last quarter. Finally, Golden State Equity Partners grew its stake in shares of Vulcan Materials by 4.5% during the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock valued at $275,000 after buying an additional 47 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on VMC shares. Truist Financial boosted their price objective on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Royal Bank of Canada reduced their price target on shares of 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. Barclays boosted their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.92.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $288.16 on Friday. The firm has a market cap of $38.05 billion, a P/E ratio of 45.45, a P/E/G ratio of 2.77 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. Vulcan Materials has a 12 month low of $209.60 and a 12 month high of $298.31. The stock’s fifty day moving average price is $265.28 and its 200-day moving average price is $255.35.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data 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 company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the business earned $2.29 EPS. Vulcan Materials’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, equities research analysts expect that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors 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 yield of 0.64%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials’s payout ratio is currently 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.