Proficio Capital Partners LLC Sells 125 Shares of Vulcan Materials (NYSE:VMC)

Proficio Capital Partners LLC lowered its position in Vulcan Materials (NYSE:VMC) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,829 shares of the construction company’s stock after selling 125 shares during the period. Proficio Capital Partners LLC’s holdings in Vulcan Materials were worth $458,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SouthState Corp grew its holdings in shares of Vulcan Materials by 669.2% in the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after acquiring an additional 87 shares during the period. Kings Path Partners LLC purchased a new position in Vulcan Materials during the second quarter valued at $27,000. UMB Bank n.a. lifted its position in Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after purchasing an additional 47 shares in the last quarter. Concord Wealth Partners purchased a new position in Vulcan Materials during the third quarter valued at $35,000. Finally, Washington Trust Advisors Inc. lifted its position in Vulcan Materials by 240.4% during the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Up 0.6 %

Shares of VMC stock opened at $292.31 on Monday. Vulcan Materials has a 12-month low of $208.09 and a 12-month high of $298.31. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average price is $251.73 and its 200-day moving average price is $253.15. The stock has a market capitalization of $38.60 billion, a price-to-earnings ratio of 46.11, a price-to-earnings-growth ratio of 2.81 and a beta of 0.81.

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

Vulcan Materials Announces Dividend

The business also recently disclosed 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 of this dividend is Monday, November 4th. This represents a $1.84 annualized dividend and a yield of 0.63%. Vulcan Materials’s payout ratio is currently 29.02%.

Analyst Ratings Changes

Several research firms recently weighed in on VMC. Citigroup lowered their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered their target price on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. UBS Group began coverage on Vulcan Materials in a research report on Thursday. They set a “buy” rating and a $349.00 target price on the stock. Barclays lifted their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Truist Financial boosted their price objective on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $280.46.

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.