Moody National Bank Trust Division Decreases Stake in Vulcan Materials (NYSE:VMC)

Moody National Bank Trust Division reduced its holdings in Vulcan Materials (NYSE:VMCGet Rating) by 43.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,529 shares of the construction company’s stock after selling 2,759 shares during the period. Moody National Bank Trust Division’s holdings in Vulcan Materials were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of Vulcan Materials by 11.0% in the first quarter. Bank of America Corp DE now owns 2,338,919 shares of the construction company’s stock worth $429,659,000 after buying an additional 232,626 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Vulcan Materials by 20.4% during the first quarter. EverSource Wealth Advisors LLC now owns 413 shares of the construction company’s stock worth $76,000 after purchasing an additional 70 shares during the last quarter. M Holdings Securities Inc. acquired a new stake in Vulcan Materials during the first quarter worth about $325,000. Advisory Services Network LLC acquired a new stake in Vulcan Materials during the first quarter worth about $201,000. Finally, Neuberger Berman Group LLC increased its position in Vulcan Materials by 64.4% during the first quarter. Neuberger Berman Group LLC now owns 4,935 shares of the construction company’s stock worth $907,000 after purchasing an additional 1,934 shares during the last quarter. 90.25% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Trading Down 1.7 %

Shares of VMC stock opened at $159.40 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.85. The stock has a market capitalization of $21.18 billion, a P/E ratio of 35.90, a price-to-earnings-growth ratio of 2.06 and a beta of 0.79. The company has a 50 day moving average price of $165.11 and a 200 day moving average price of $166.59. Vulcan Materials has a fifty-two week low of $137.54 and a fifty-two week high of $213.65.

Vulcan Materials Announces Dividend

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

Wall Street Analyst Weigh In

VMC has been the subject of several recent analyst reports. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, August 19th. DA Davidson raised their price objective on shares of Vulcan Materials to $205.00 in a research report on Tuesday, August 9th. Raymond James upgraded shares of Vulcan Materials from a “market perform” rating to an “outperform” rating in a research report on Friday, August 19th. Citigroup lifted their price target on shares of Vulcan Materials to $199.00 in a research report on Monday, August 15th. Finally, Truist Financial dropped their price target 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $211.06.

Vulcan Materials Profile

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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.

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

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