Charles Schwab Investment Management Inc. Has $207.98 Million Stake in Vulcan Materials (NYSE:VMC)

Charles Schwab Investment Management Inc. boosted its holdings in Vulcan Materials (NYSE:VMC) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 830,470 shares of the construction company’s stock after purchasing an additional 11,125 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.63% of Vulcan Materials worth $207,975,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of VMC. United Asset Strategies Inc. boosted its position in shares of Vulcan Materials by 1.1% during the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock valued at $938,000 after buying an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Vulcan Materials by 2.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after acquiring an additional 44 shares during the last quarter. Marcum Wealth LLC grew its stake in shares of Vulcan Materials by 5.7% in the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock worth $214,000 after acquiring an additional 46 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Vulcan Materials by 61.8% in the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after purchasing an additional 47 shares during the last quarter. Finally, Golden State Equity Partners lifted its position 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 purchasing an additional 47 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $284.61 on Friday. Vulcan Materials has a 12 month low of $209.60 and a 12 month high of $298.31. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The stock has a market cap of $37.59 billion, a P/E ratio of 44.89, a P/E/G ratio of 2.72 and a beta of 0.81. The company has a 50 day moving average of $261.25 and a 200 day moving average of $254.63.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The business’s revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. As a group, sell-side analysts forecast that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s payout ratio is 29.02%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VMC. Citigroup lowered their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. dropped their target price on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Truist Financial raised their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Stephens dropped their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and an average price target of $280.46.

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.