Caprock Group LLC Sells 54 Shares of Vulcan Materials (NYSE:VMC)

Caprock Group LLC lowered its position in Vulcan Materials (NYSE:VMC – Free Report) by 3.2% in the second quarter, according to the company in its most recent SEC disclosure. The firm owned 1,625 shares of the construction company’s stock after selling 54 shares during the period. Caprock Group LLC’s holdings in Vulcan Materials were worth $404,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. boosted its holdings in Vulcan Materials by 1.6% in the first quarter. Contravisory Investment Management Inc. now owns 2,579 shares of the construction company’s stock worth $704,000 after buying an additional 40 shares during the period. Commerce Bank boosted its holdings in Vulcan Materials by 1.0% in the fourth quarter. Commerce Bank now owns 4,442 shares of the construction company’s stock worth $1,008,000 after purchasing an additional 43 shares during the period. UMB Bank raised its holdings in Vulcan Materials by 61.8% in the second quarter. UMB Bank now owns 123 shares of the construction company’s stock worth $31,000 after acquiring an additional 47 shares during the period. Monetary Management Group Inc. boosted its holdings in Vulcan Materials by 2.3% in the second quarter. Monetary Management Group Inc. now owns 2,250 shares of the construction company’s stock worth $560,000 after buying an additional 50 shares during the period. Finally, Covestor Ltd boosted its holdings in Vulcan Materials by 13.6% in the first quarter. Covestor Ltd now owns 425 shares of the construction company’s stock worth $116,000 after buying an additional 51 shares during the period. 90.39% of shares are currently owned by institutional investors and hedge funds.

Analysts on Wall Street are forecasting an increase

Several research firms have weighed in on VMC. Royal Bank of Canada cut their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Loop Capital decreased their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Citigroup decreased their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Truist Financial decreased their price objective on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Stephens dropped their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $274.73, based on data from MarketBeat.com.

See our latest research report on Vulcan materials

Vulcan material stocks rose 1.4%

Shares of VMC stock opened at $236.27 on Friday. The company has a current ratio of 2.48, a quick ratio of 1.66, and a debt-to-equity ratio of 0.43. Vulcan Materials has a one year low of $190.51 and a one year high of $278.79. The company’s fifty day moving average price is $248.54 and its two hundred day moving average price is $256.41. The firm has a market cap of $31.20 billion, a P/E ratio of 34.49, a PEG ratio of 2.13 and a beta of 0.82.

Vulcan Materials (NYSE:VMC – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.12). Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. In the same quarter last year, the company posted earnings of $2.29 per share. The company’s quarterly revenue was down 4.7% year over year. On average, equities analysts predict that Vulcan Materials will post 7.82 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were given a $0.46 dividend. This represents a dividend of $1.84 on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Thursday, August 15. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.86%.

Vulcan Materials Company Profile

(Free Report)

Vulcan Materials Company, together with its subsidiaries, manufactures and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete and Lime. The company provides crushed stone, sand and gravel, sand and other aggregates; and related products and services that are applied in the construction and maintenance of highways, streets and other public works, as well as in the construction of housing and commercial, industrial and other non-residential facilities.

See Also

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