Princeton Capital Management LLC Has $465,000 Stock Holdings in Vulcan Materials (NYSE:VMC)

Princeton Capital Management LLC cut its holdings in Vulcan Materials (NYSE:VMC) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,856 shares of the construction company’s stock after selling 82 shares during the quarter. Princeton Capital Management LLC’s holdings in Vulcan Materials were worth $465,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after purchasing an additional 884,580 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Vulcan Materials by 18.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after purchasing an additional 330,433 shares in the last quarter. Capital World Investors bought a new stake in shares of Vulcan Materials in the first quarter worth $388,027,000. Vontobel Holding Ltd. lifted its position in shares of Vulcan Materials by 7.1% in the third quarter. Vontobel Holding Ltd. now owns 1,369,530 shares of the construction company’s stock worth $342,971,000 after purchasing an additional 91,318 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Vulcan Materials by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company’s stock worth $331,404,000 after purchasing an additional 43,294 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VMC. UBS Group began coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price on the stock. Truist Financial boosted their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup lowered their target price 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. Barclays boosted their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada lowered their target price 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. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $280.46.

Vulcan Materials Trading Down 0.2 %

Shares of VMC opened at $278.74 on Tuesday. The business has a 50-day moving average of $257.61 and a 200 day moving average of $254.15. Vulcan Materials has a fifty-two week low of $209.39 and a fifty-two week high of $298.31. The firm has a market cap of $36.81 billion, a P/E ratio of 43.97, a price-to-earnings-growth ratio of 2.68 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.29 EPS. As a group, research analysts forecast that Vulcan Materials will post 7.2 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently declared 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 of this dividend is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.66%. Vulcan Materials’s dividend payout ratio (DPR) is presently 29.02%.

About Vulcan Materials

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.