Keybank National Association OH lowered its stake in shares of Vulcan Materials (NYSE:VMC) by 5.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,711 shares of the construction company’s stock after selling 589 shares during the period. Keybank National Association OH’s holdings in Vulcan Materials were worth $1,080,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in VMC. Arlington Partners LLC acquired a new stake in shares of Vulcan Materials during the 3rd quarter worth $111,000. JNBA Financial Advisors acquired a new stake in shares of Vulcan Materials during the 3rd quarter worth $111,000. Mount Yale Investment Advisors LLC grew its holdings in shares of Vulcan Materials by 90.1% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 960 shares of the construction company’s stock worth $124,000 after purchasing an additional 455 shares in the last quarter. Pendal Group Ltd acquired a new stake in shares of Vulcan Materials during the 3rd quarter worth $140,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Vulcan Materials during the 2nd quarter worth $194,000. Institutional investors own 96.16% of the company’s stock.
Shares of VMC stock opened at $103.13 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.70 and a debt-to-equity ratio of 0.54. Vulcan Materials has a twelve month low of $82.52 and a twelve month high of $141.20. The firm has a market cap of $13.62 billion, a P/E ratio of 33.92, a price-to-earnings-growth ratio of 1.33 and a beta of 0.99.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Wednesday, November 21st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.12 annualized dividend and a dividend yield of 1.09%. Vulcan Materials’s dividend payout ratio is currently 36.84%.
In other Vulcan Materials news, Chairman J Thomas Hill acquired 1,955 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The stock was acquired at an average cost of $101.66 per share, for a total transaction of $198,745.30. Following the transaction, the chairman now directly owns 57,348 shares in the company, valued at $5,829,997.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.89% of the stock is owned by corporate insiders.
VMC has been the topic of several analyst reports. Stephens set a $125.00 target price on Vulcan Materials and gave the stock a “buy” rating in a report on Wednesday, October 17th. Argus reduced their target price on Vulcan Materials to $122.00 and set a “buy” rating on the stock in a report on Monday, August 20th. Jefferies Financial Group raised Vulcan Materials from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a report on Wednesday, August 1st. Barclays reissued a “buy” rating and set a $132.00 target price on shares of Vulcan Materials in a report on Thursday, October 18th. Finally, Citigroup reduced their target price on Vulcan Materials from $130.00 to $128.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. Vulcan Materials presently has a consensus rating of “Hold” and a consensus target price of $121.45.
Vulcan Materials Company Profile
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use 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 nonresidential facilities.
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