J. W. Coons Advisors LLC Sells 64 Shares of Vulcan Materials (NYSE:VMC)

J. W. Coons Advisors LLC lessened its stake in shares of Vulcan Materials (NYSE:VMC) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,250 shares of the construction company’s stock after selling 64 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Vulcan Materials were worth $814,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. SouthState Corp boosted its position in Vulcan Materials by 669.2% during the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after purchasing an additional 87 shares during the period. Kings Path Partners LLC acquired a new position in Vulcan Materials in the 2nd quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new position in Vulcan Materials in the 3rd quarter valued at $30,000. UMB Bank n.a. raised its holdings in Vulcan Materials by 61.8% in the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after acquiring an additional 47 shares during the period. Finally, Concord Wealth Partners acquired a new position in Vulcan Materials during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on VMC shares. Citigroup dropped their price objective 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. UBS Group initiated coverage on Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target for the company. Stephens lowered their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Truist Financial upped their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Five 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.46.

Vulcan Materials Stock Down 1.2 %

Shares of VMC opened at $279.28 on Monday. Vulcan Materials has a 12 month low of $209.39 and a 12 month high of $298.31. The stock has a market cap of $36.88 billion, a price-to-earnings ratio of 44.05, a P/E/G ratio of 2.68 and a beta of 0.81. The company has a 50-day moving average price of $256.67 and a two-hundred day moving average price of $254.05. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business earned $2.29 EPS. Vulcan Materials’s quarterly revenue was down 8.3% compared to the same quarter last year. Equities analysts predict that Vulcan Materials will post 7.2 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) 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.