EverSource Wealth Advisors LLC Has $76,000 Holdings in Vulcan Materials (NYSE:VMC)

EverSource Wealth Advisors LLC increased its position in shares of Vulcan Materials (NYSE:VMCGet Rating) by 20.4% during the first quarter, Holdings Channel reports. The fund owned 413 shares of the construction company’s stock after acquiring an additional 70 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Vulcan Materials were worth $76,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Key Financial Inc acquired a new stake in shares of Vulcan Materials during the first quarter valued at approximately $26,000. Achmea Investment Management B.V. acquired a new stake in shares of Vulcan Materials during the first quarter valued at approximately $29,000. Bank of New Hampshire acquired a new stake in shares of Vulcan Materials during the first quarter valued at approximately $38,000. Allworth Financial LP raised its holdings in shares of Vulcan Materials by 84.9% during the first quarter. Allworth Financial LP now owns 257 shares of the construction company’s stock valued at $47,000 after acquiring an additional 118 shares during the period. Finally, Standard Family Office LLC acquired a new stake in shares of Vulcan Materials during the first quarter valued at approximately $48,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VMC. Morgan Stanley cut their price target on shares of Vulcan Materials from $203.00 to $180.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. Raymond James raised shares of Vulcan Materials from a “market perform” rating to an “outperform” rating in a research report on Friday, August 19th. Wolfe Research lowered their price objective on shares of Vulcan Materials from $211.00 to $194.00 and set an “outperform” rating on the stock in a research report on Thursday, July 14th. Citigroup boosted their price objective on shares of Vulcan Materials to $199.00 in a research report on Monday, August 15th. Finally, Truist Financial lowered their price objective on shares of Vulcan Materials to $200.00 in a research report on Tuesday, July 5th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and a consensus price target of $211.06.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $159.40 on Friday. The firm has a fifty day simple moving average of $165.11 and a 200-day simple moving average of $166.67. The company has a current ratio of 1.85, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. Vulcan Materials has a 1-year low of $137.54 and a 1-year high of $213.65. The stock has a market capitalization of $21.18 billion, a price-to-earnings ratio of 35.90, a PEG ratio of 2.09 and a beta of 0.79.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Wednesday, August 17th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.00%. The ex-dividend date was Tuesday, August 16th. Vulcan Materials’s payout ratio is currently 36.04%.

Vulcan Materials Company Profile

(Get Rating)

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 Aggregates segment 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.

Further Reading

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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