Vulcan Materials Company $VMC Stock Sold by Third View Private Wealth LLC

Third View Private Wealth LLC trimmed its stake in shares of Vulcan Materials Company (NYSE:VMC) by 15.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 18,024 shares of the construction company’s stock after selling 3,331 shares during the quarter. Third View Private Wealth LLC’s holdings in Vulcan Materials were worth $4,409,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Putney Financial Group LLC raised its stake in Vulcan Materials by 3.6% in the third quarter. Putney Financial Group LLC now owns 1,031 shares of the construction company’s stock valued at $252,000 after purchasing an additional 36 shares in the last quarter. North Dakota State Investment Board grew its stake in Vulcan Materials by 1.0% during the third quarter. North Dakota State Investment Board now owns 3,970 shares of the construction company’s stock worth $971,000 after buying an additional 39 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Vulcan Materials by 21.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 239 shares of the construction company’s stock worth $67,000 after buying an additional 42 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Vulcan Materials by 71.7% during the first quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after buying an additional 43 shares in the last quarter. Finally, Wedmont Private Capital increased its holdings in Vulcan Materials by 2.6% in the 2nd quarter. Wedmont Private Capital now owns 1,877 shares of the construction company’s stock valued at $554,000 after buying an additional 47 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vulcan Materials

In related news, Director J. Hill sold 14,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the sale, the director owned 58,209 shares of the company’s stock, valued at $16,075,579.53. This trade represents a 19.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $285.10, for a total value of $570,200.00. Following the sale, the senior vice president owned 6,716 shares in the company, valued at $1,914,731.60. This represents a 22.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.65% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Truist Financial reduced their price target on shares of Vulcan Materials from $360.00 to $320.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Weiss Ratings lowered shares of Vulcan Materials from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. Stephens lifted their price objective on shares of Vulcan Materials from $285.00 to $315.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Wells Fargo & Company boosted their price objective on shares of Vulcan Materials from $249.00 to $253.00 and gave the company an “underweight” rating in a research report on Friday, October 30th. Twelve research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $311.28.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $284.42 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.43 and a debt-to-equity ratio of 0.47. The stock has a market cap of $36.50 billion, a PE ratio of 33.66, a P/E/G ratio of 3.00 and a beta of 0.99. Vulcan Materials Company has a 12-month low of $237.03 and a 12-month high of $331.09. The business’s 50-day moving average price is $256.22 and its two-hundred day moving average price is $280.22.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, October 29th. The construction company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.02. Vulcan Materials had a net margin of 13.77% and a return on equity of 13.03%. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the business earned $2.84 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, analysts expect that Vulcan Materials Company will post 8.86 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Monday, November 9th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, November 9th. Vulcan Materials’s dividend payout ratio is currently 24.62%.

Vulcan Materials Profile

Vulcan Materials Company (NYSE: VMC) is a producer and distributor of construction materials used in infrastructure, commercial, residential and industrial projects. The company is the largest producer of construction aggregates in the United States, including crushed stone, sand and gravel.

In addition to aggregates, Vulcan Materials produces asphalt mix, ready-mixed concrete and cement. Its materials are used in roads, bridges, airports, commercial buildings, homes and other construction applications.