Vulcan Materials (NYSE:VMC) Shares Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lifted its holdings in Vulcan Materials (NYSE:VMC) by 38.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,737 shares of the construction company’s stock after buying an additional 38,329 shares during the quarter. Brown Brothers Harriman & Co. owned 0.10% of Vulcan Materials worth $34,243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in shares of Vulcan Materials by 4.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 34,967 shares of the construction company’s stock worth $8,757,000 after purchasing an additional 1,373 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Vulcan Materials by 4.6% in the third quarter. Larson Financial Group LLC now owns 10,254 shares of the construction company’s stock valued at $2,568,000 after purchasing an additional 454 shares during the period. Sompo Asset Management Co. Ltd. boosted its holdings in Vulcan Materials by 7.1% during the third quarter. Sompo Asset Management Co. Ltd. now owns 2,100 shares of the construction company’s stock worth $526,000 after buying an additional 140 shares in the last quarter. Algert Global LLC acquired a new position in Vulcan Materials during the third quarter worth about $463,000. Finally, Cerity Partners LLC increased its holdings in Vulcan Materials by 22.8% in the third quarter. Cerity Partners LLC now owns 12,698 shares of the construction company’s stock valued at $3,180,000 after buying an additional 2,354 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

VMC has been the topic of several research analyst reports. Stephens decreased their price target 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. Barclays boosted their target price on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. dropped their price target on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Truist Financial lifted their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada lowered their price objective 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. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.46.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $284.61 on Monday. The stock has a market capitalization of $37.59 billion, a P/E ratio of 44.89, a P/E/G ratio of 2.75 and a beta of 0.81. Vulcan Materials has a 12-month low of $209.60 and a 12-month high of $298.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The firm’s 50-day moving average is $261.25 and its two-hundred day moving average is $254.53.

Vulcan Materials (NYSE:VMC) last announced its 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 firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm’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. Equities analysts predict that Vulcan Materials will post 7.16 earnings per share for the current year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be given 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 dividend 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.