Thrivent Financial for Lutherans Lowers Holdings in Vulcan Materials Company $VMC

Thrivent Financial for Lutherans trimmed its position in Vulcan Materials Company (NYSE:VMC) by 70.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,561 shares of the construction company’s stock after selling 32,496 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Vulcan Materials were worth $3,868,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in VMC. Lone Pine Capital LLC purchased a new stake in shares of Vulcan Materials in the 3rd quarter worth $425,938,000. Principal Financial Group Inc. lifted its holdings in shares of Vulcan Materials by 5.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock worth $2,345,703,000 after buying an additional 414,828 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Vulcan Materials by 993.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 396,628 shares of the construction company’s stock worth $113,126,000 after buying an additional 360,368 shares during the period. Freestone Grove Partners LP purchased a new stake in shares of Vulcan Materials in the 3rd quarter worth $98,911,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Vulcan Materials by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock worth $5,293,274,000 after buying an additional 311,539 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VMC has been the subject of several research reports. DA Davidson lowered their target price on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Stephens upped their price objective on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Raymond James Financial set a $325.00 price objective on Vulcan Materials in a research note on Thursday, April 30th. Truist Financial upped their price objective on Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Finally, Wall Street Zen upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $330.58.

Vulcan Materials Trading Down 0.5%

Shares of NYSE VMC opened at $260.78 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The stock has a market capitalization of $33.84 billion, a P/E ratio of 31.01, a price-to-earnings-growth ratio of 1.90 and a beta of 1.09. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The business has a fifty day moving average price of $278.81 and a 200 day moving average price of $290.96.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. Equities research analysts expect that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, May 22nd. Vulcan Materials’s dividend payout ratio is 24.73%.

Vulcan Materials Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.