Vulcan Materials (NYSE:VMC) Stock Holdings Trimmed by Simmons Bank

Simmons Bank reduced its position in Vulcan Materials (NYSE:VMC) by 21.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,567 shares of the construction company’s stock after selling 720 shares during the quarter. Simmons Bank’s holdings in Vulcan Materials were worth $660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VMC. Ashton Thomas Securities LLC acquired a new position in shares of Vulcan Materials during the third quarter worth approximately $30,000. Washington Trust Advisors Inc. boosted its position in shares of Vulcan Materials by 240.4% during the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after buying an additional 113 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Vulcan Materials during the third quarter worth approximately $42,000. UMB Bank n.a. boosted its position in shares of Vulcan Materials by 138.5% during the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock worth $48,000 after buying an additional 108 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in shares of Vulcan Materials during the third quarter worth approximately $57,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VMC shares. Morgan Stanley boosted their price objective on Vulcan Materials from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday. UBS Group started coverage on Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price for the company. Raymond James cut their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. Citigroup cut their target price on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Truist Financial upped their target price on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.55.

Vulcan Materials Stock Performance

VMC opened at $250.36 on Thursday. The business has a fifty day simple moving average of $264.94 and a 200 day simple moving average of $261.65. The company has a market capitalization of $33.06 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. Vulcan Materials has a 1 year low of $225.36 and a 1 year high of $298.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.41. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. During the same period in the previous year, the firm earned $1.46 EPS. Research analysts expect that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio is presently 28.61%.

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.