Vulcan Materials (NYSE:VMC) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in Vulcan Materials (NYSE:VMC) by 10.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,739 shares of the construction company’s stock after buying an additional 16,909 shares during the period. Natixis Advisors LLC owned 0.14% of Vulcan Materials worth $45,513,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VMC. Cetera Advisors LLC raised its position in Vulcan Materials by 118.1% during the 1st quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock worth $1,132,000 after buying an additional 2,245 shares during the last quarter. Mather Group LLC. raised its position in Vulcan Materials by 16.1% during the 2nd quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock worth $134,000 after buying an additional 68 shares during the last quarter. Raymond James & Associates raised its position in Vulcan Materials by 3.0% during the 2nd quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock worth $50,367,000 after buying an additional 5,979 shares during the last quarter. Tidal Investments LLC raised its position in Vulcan Materials by 87.1% during the 1st quarter. Tidal Investments LLC now owns 9,591 shares of the construction company’s stock worth $2,618,000 after buying an additional 4,466 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in Vulcan Materials by 3.3% during the 1st quarter. California State Teachers Retirement System now owns 237,309 shares of the construction company’s stock worth $64,766,000 after buying an additional 7,552 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. UBS Group initiated coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target for the company. Stephens cut their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Truist Financial increased their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, 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 for the company in a report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.46.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $279.28 on Monday. The stock has a market cap of $36.88 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 2.68 and a beta of 0.81. Vulcan Materials has a 52 week low of $209.39 and a 52 week high of $298.31. The company’s 50-day moving average price is $256.67 and its 200 day moving average price is $254.05. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42.

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

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.46 per share. The ex-dividend date is Monday, November 4th. This represents a $1.84 annualized dividend and a dividend yield of 0.66%. Vulcan Materials’s dividend payout ratio is currently 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.