Vulcan Materials (NYSE:VMC) Shares Sold by Farrow Financial Inc.

Farrow Financial Inc. decreased its position in Vulcan Materials (NYSE:VMC) by 11.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,276 shares of the construction company’s stock after selling 1,207 shares during the quarter. Vulcan Materials accounts for about 1.5% of Farrow Financial Inc.’s investment portfolio, making the stock its 25th largest holding. Farrow Financial Inc.’s holdings in Vulcan Materials were worth $2,323,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VMC. Wealth Enhancement Advisory Services LLC grew its stake in Vulcan Materials by 2.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,044 shares of the construction company’s stock valued at $1,923,000 after purchasing an additional 193 shares in the last quarter. Register Financial Advisors LLC acquired a new stake in Vulcan Materials in the first quarter valued at $27,000. Vicus Capital bought a new position in Vulcan Materials during the 1st quarter valued at $245,000. SteelPeak Wealth LLC grew its holdings in Vulcan Materials by 2.9% during the 1st quarter. SteelPeak Wealth LLC now owns 2,057 shares of the construction company’s stock worth $561,000 after acquiring an additional 57 shares in the last quarter. Finally, Oak Thistle LLC bought a new stake in shares of Vulcan Materials in the 1st quarter worth about $336,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

VMC has been the topic of several research analyst reports. Truist Financial reduced their price target on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada decreased their target price on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Citigroup lowered their price target on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Loop Capital reduced their price objective on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Finally, StockNews.com downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Saturday, October 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $272.45.

Vulcan Materials Stock Performance

Shares of VMC stock traded up $0.40 during trading hours on Friday, reaching $256.54. The stock had a trading volume of 742,336 shares, compared to its average volume of 823,482. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.66. The firm has a 50-day simple moving average of $245.74 and a 200-day simple moving average of $252.11. The firm has a market capitalization of $33.93 billion, a PE ratio of 37.45, a price-to-earnings-growth ratio of 2.32 and a beta of 0.82. Vulcan Materials has a twelve month low of $190.51 and a twelve month high of $278.79.

Vulcan Materials (NYSE:VMC) last released 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). Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm posted $2.29 EPS. The business’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, equities analysts forecast that Vulcan Materials will post 7.62 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm 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 dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is 26.86%.

About Vulcan Materials

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.