Cerity Partners LLC Raises Stock Position in Vulcan Materials (NYSE:VMC)

Cerity Partners LLC lifted its stake in shares of Vulcan Materials (NYSE:VMCGet Rating) by 35.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,379 shares of the construction company’s stock after buying an additional 624 shares during the quarter. Cerity Partners LLC’s holdings in Vulcan Materials were worth $338,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC raised its position in Vulcan Materials by 20.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 413 shares of the construction company’s stock valued at $76,000 after purchasing an additional 70 shares during the last quarter. Brighton Jones LLC raised its position in Vulcan Materials by 4.1% in the 2nd quarter. Brighton Jones LLC now owns 1,840 shares of the construction company’s stock valued at $261,000 after purchasing an additional 72 shares during the last quarter. Moors & Cabot Inc. raised its position in Vulcan Materials by 6.9% in the 1st quarter. Moors & Cabot Inc. now owns 1,165 shares of the construction company’s stock valued at $214,000 after purchasing an additional 75 shares during the last quarter. Park Avenue Securities LLC raised its position in Vulcan Materials by 3.9% in the 2nd quarter. Park Avenue Securities LLC now owns 2,040 shares of the construction company’s stock valued at $290,000 after purchasing an additional 76 shares during the last quarter. Finally, Bartlett & Co. LLC raised its position in Vulcan Materials by 1.0% in the 2nd quarter. Bartlett & Co. LLC now owns 7,883 shares of the construction company’s stock valued at $1,120,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Vulcan Materials Stock Performance

NYSE:VMC opened at $178.89 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.71 and a debt-to-equity ratio of 0.56. Vulcan Materials has a fifty-two week low of $137.54 and a fifty-two week high of $213.65. The stock has a market cap of $23.78 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 2.53 and a beta of 0.77. The firm’s fifty day simple moving average is $162.81 and its 200-day simple moving average is $161.46.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Stockholders of record on Tuesday, November 15th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, November 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.89%. Vulcan Materials’s dividend payout ratio (DPR) is presently 35.96%.

Analysts Set New Price Targets

VMC has been the subject of several research reports. Vertical Research upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating in a research report on Monday, September 12th. Citigroup cut their price objective on shares of Vulcan Materials from $199.00 to $189.00 and set a “buy” rating for the company in a research report on Monday, October 10th. StockNews.com began coverage on shares of Vulcan Materials in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Raymond James cut their price objective on shares of Vulcan Materials from $197.00 to $186.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. Finally, Morgan Stanley upped their price objective on shares of Vulcan Materials from $175.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 3rd. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $202.00.

About Vulcan Materials

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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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