Natixis Advisors LLC Acquires 11,844 Shares of Vulcan Materials Company $VMC

Natixis Advisors LLC boosted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 219,368 shares of the construction company’s stock after acquiring an additional 11,844 shares during the quarter. Natixis Advisors LLC owned 0.17% of Vulcan Materials worth $67,482,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westside Investment Management Inc. grew its stake in Vulcan Materials by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock worth $25,000 after acquiring an additional 42 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in shares of Vulcan Materials during the third quarter valued at approximately $29,000. Atlantic Union Bankshares Corp bought a new stake in shares of Vulcan Materials during the second quarter valued at approximately $32,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Vulcan Materials in the third quarter valued at approximately $42,000. Finally, Bayforest Capital Ltd bought a new position in Vulcan Materials in the third quarter worth approximately $46,000. 90.39% of the stock is currently owned by institutional investors.

Insider Activity at Vulcan Materials

In other news, SVP Denson N. Franklin III sold 665 shares of Vulcan Materials stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $295.00, for a total transaction of $196,175.00. Following the completion of the sale, the senior vice president directly owned 8,284 shares in the company, valued at approximately $2,443,780. The trade was a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Melissa H. Anderson sold 1,137 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $303.72, for a total transaction of $345,329.64. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,937 shares of company stock valued at $2,687,784 in the last three months. 0.62% of the stock is owned by insiders.

Vulcan Materials Trading Down 4.5%

NYSE:VMC opened at $274.42 on Monday. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $331.09. The firm has a 50 day moving average of $304.36 and a 200 day moving average of $297.64. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $35.83 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 2.02 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). Vulcan Materials had a return on equity of 12.56% and a net margin of 13.56%.The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business earned $2.17 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be paid a dividend of $0.52 per share. The ex-dividend date is Monday, March 9th. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. Vulcan Materials’s payout ratio is presently 25.62%.

Analyst Ratings Changes

VMC has been the topic of several research reports. Wall Street Zen lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Truist Financial raised their target price on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. DA Davidson reduced their price target on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Royal Bank Of Canada cut their price objective on shares of Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 18th. Finally, Wells Fargo & Company reduced their price target on Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.14.

Vulcan Materials Company 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.