Sanctuary Advisors LLC Purchases 1,628 Shares of Vulcan Materials (NYSE:VMC)

Sanctuary Advisors LLC lifted its position in shares of Vulcan Materials (NYSE:VMC) by 6.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,176 shares of the construction company’s stock after acquiring an additional 1,628 shares during the quarter. Sanctuary Advisors LLC’s holdings in Vulcan Materials were worth $6,305,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp increased its stake in shares of Vulcan Materials by 669.2% in the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after acquiring an additional 87 shares during the last quarter. Kings Path Partners LLC acquired a new position in Vulcan Materials in the second quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new stake in Vulcan Materials during the 3rd quarter worth approximately $30,000. UMB Bank n.a. lifted its stake in 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 buying an additional 47 shares in the last quarter. Finally, Concord Wealth Partners acquired a new position in shares of Vulcan Materials in the third quarter valued at approximately $35,000. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $275.77 on Friday. Vulcan Materials has a 1-year low of $218.37 and a 1-year 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 business has a 50-day moving average price of $272.31 and a two-hundred day moving average price of $256.82. The company has a market cap of $36.42 billion, a P/E ratio of 43.50, a PEG ratio of 2.67 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The company had revenue of $2 billion during 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 company’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.29 earnings per share. As a group, analysts anticipate that Vulcan Materials will post 7.16 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 4th were given a $0.46 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.84 annualized dividend and a yield of 0.67%. Vulcan Materials’s payout ratio is 29.02%.

Analyst Upgrades and Downgrades

VMC has been the subject of several recent research reports. UBS Group started coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target for the company. Truist Financial increased their target price on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays increased their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s 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 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.