Nicolet Advisory Services LLC Has $285,000 Stock Position in Vulcan Materials (NYSE:VMC)

Nicolet Advisory Services LLC boosted its stake in Vulcan Materials (NYSE:VMC) by 27.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,184 shares of the construction company’s stock after acquiring an additional 258 shares during the period. Nicolet Advisory Services LLC’s holdings in Vulcan Materials were worth $285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Advisors LLC boosted its holdings in shares of Vulcan Materials by 118.1% during the 1st quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock worth $1,132,000 after buying an additional 2,245 shares in the last quarter. Mather Group LLC. boosted its stake in Vulcan Materials by 16.1% during the second quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock worth $134,000 after acquiring an additional 68 shares in the last quarter. Raymond James & Associates grew its position in Vulcan Materials by 3.0% during the 2nd quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock valued at $50,367,000 after purchasing an additional 5,979 shares during the last quarter. Tidal Investments LLC lifted its stake in Vulcan Materials by 87.1% during the 1st quarter. Tidal Investments LLC now owns 9,591 shares of the construction company’s stock valued at $2,618,000 after acquiring an additional 4,466 shares during the period. Finally, California State Teachers Retirement System grew its holdings in shares of Vulcan Materials by 3.3% in the first quarter. California State Teachers Retirement System now owns 237,309 shares of the construction company’s stock worth $64,766,000 after acquiring an additional 7,552 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group began coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Citigroup reduced their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Truist Financial lifted 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 Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $280.46.

Vulcan Materials Stock Up 1.2 %

Vulcan Materials stock opened at $284.61 on Monday. Vulcan Materials has a 1-year low of $209.60 and a 1-year high of $298.31. The stock has a market capitalization of $37.59 billion, a price-to-earnings ratio of 44.89, a PEG ratio of 2.75 and a beta of 0.81. 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 business has a fifty day moving average price of $261.25 and a 200-day moving average price of $254.53.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). The business 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%. Vulcan Materials’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.29 EPS. Equities research analysts forecast that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.65%. Vulcan Materials’s dividend payout ratio (DPR) is 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.