Raymond James Trust N.A. grew its position in shares of Vulcan Materials (NYSE:VMC – Get Rating) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,003 shares of the construction company's stock after acquiring an additional 138 shares during the period. Raymond James Trust N.A.'s holdings in Vulcan Materials were worth $427,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Vulcan Materials during the fourth quarter valued at about $251,621,000. JPMorgan Chase & Co. increased its position in shares of Vulcan Materials by 41.3% during the first quarter. JPMorgan Chase & Co. now owns 2,497,145 shares of the construction company's stock valued at $458,726,000 after buying an additional 729,932 shares during the period. BlackRock Inc. increased its position in shares of Vulcan Materials by 6.5% during the first quarter. BlackRock Inc. now owns 10,951,374 shares of the construction company's stock valued at $2,011,768,000 after buying an additional 665,469 shares during the period. Invesco Ltd. increased its position in shares of Vulcan Materials by 12.9% during the first quarter. Invesco Ltd. now owns 2,605,877 shares of the construction company's stock valued at $478,699,000 after buying an additional 297,912 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Vulcan Materials by 11.0% during the first quarter. Bank of America Corp DE now owns 2,338,919 shares of the construction company's stock valued at $429,659,000 after buying an additional 232,626 shares during the period. 90.25% of the stock is owned by institutional investors.
Get Vulcan Materials alerts:Analysts Set New Price Targets
A number of brokerages have weighed in on VMC. Truist Financial cut their price objective on shares of Vulcan Materials to $200.00 in a report on Tuesday, July 5th. StockNews.com upgraded shares of Vulcan Materials from a "sell" rating to a "hold" rating in a report on Friday, August 19th. Wolfe Research cut their price objective on shares of Vulcan Materials from $211.00 to $194.00 and set an "outperform" rating on the stock in a report on Thursday, July 14th. JPMorgan Chase & Co. increased their price target on shares of Vulcan Materials from $170.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, September 22nd. Finally, Vertical Research upgraded shares of Vulcan Materials from a "hold" rating to a "buy" rating in a report on Monday, September 12th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $209.19.
Vulcan Materials Stock Performance
Shares of VMC opened at $153.95 on Tuesday. The business has a fifty day moving average of $166.45 and a 200 day moving average of $165.87. Vulcan Materials has a one year low of $137.54 and a one year high of $213.65. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.85 and a quick ratio of 1.34. The firm has a market capitalization of $20.46 billion, a P/E ratio of 34.67, a PEG ratio of 2.01 and a beta of 0.79.Vulcan Materials Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Wednesday, August 17th were given a $0.40 dividend. The ex-dividend date was Tuesday, August 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.04%. Vulcan Materials's payout ratio is 36.04%.
Vulcan Materials Profile
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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 Aggregates segment 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.
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