Baldwin Investment Management LLC Sells 100 Shares of Vulcan Materials (NYSE:VMC)

Baldwin Investment Management LLC reduced its stake in shares of Vulcan Materials (NYSE:VMC) by 1.7% in the 3rd quarter, Holdings Channel reports. The firm owned 5,764 shares of the construction company’s stock after selling 100 shares during the quarter. Baldwin Investment Management LLC’s holdings in Vulcan Materials were worth $1,443,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of VMC. SouthState Corp boosted its holdings in Vulcan Materials by 669.2% in the second 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 bought a new stake in shares of Vulcan Materials in the 2nd quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Vulcan Materials during the third quarter worth $30,000. UMB Bank n.a. raised its stake in Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after buying an additional 47 shares during the last quarter. Finally, Concord Wealth Partners acquired a new position in Vulcan Materials in the third quarter valued at $35,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VMC. Stephens decreased their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Citigroup lowered their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. decreased their price target on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, Truist Financial raised their price objective 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. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus target price of $280.46.

Vulcan Materials Trading Down 0.7 %

NYSE:VMC opened at $288.40 on Wednesday. Vulcan Materials has a 52 week low of $209.60 and a 52 week high of $298.31. The firm has a 50-day moving average price of $263.07 and a two-hundred day moving average price of $254.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The firm has a market cap of $38.09 billion, a price-to-earnings ratio of 45.49, a price-to-earnings-growth ratio of 2.81 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last issued 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). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business 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 posted $2.29 earnings per share. The business’s revenue was down 8.3% compared to the same quarter last year. On average, equities analysts expect that Vulcan Materials will post 7.16 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 Wednesday, November 27th. Investors of record on Monday, November 4th will be issued 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 yield of 0.64%. Vulcan Materials’s dividend payout ratio (DPR) is presently 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.