M Holdings Securities Inc. Cuts Position in Vulcan Materials (NYSE:VMC)

M Holdings Securities Inc. lessened its position in shares of Vulcan Materials (NYSE:VMC – Get Rating) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,668 shares of the construction company’s stock after selling 100 shares during the quarter. M Holdings Securities Inc.’s holdings in Vulcan Materials were worth $263,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VMC. CoreCap Advisors LLC purchased a new position in Vulcan Materials during the 2nd quarter valued at approximately $26,000. CI Investments Inc. grew its holdings in Vulcan Materials by 956.3% during the 3rd quarter. CI Investments Inc. now owns 169 shares of the construction company’s stock valued at $27,000 after buying an additional 153 shares in the last quarter. Achmea Investment Management B.V. purchased a new position in Vulcan Materials during the 1st quarter valued at approximately $29,000. Guardian Wealth Advisors LLC purchased a new position in Vulcan Materials during the 3rd quarter valued at approximately $39,000. Finally, Homestead Advisers Corp grew its holdings in Vulcan Materials by 74.4% during the 3rd quarter. Homestead Advisers Corp now owns 347 shares of the construction company’s stock valued at $55,000 after buying an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 90.08% of the company’s stock.

Vulcan Materials Price Performance

Shares of VMC stock opened at $162.81 on Thursday. Vulcan Materials has a 52-week low of $137.54 and a 52-week high of $197.76. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.38 and a current ratio of 1.99. The firm has a market capitalization of $21.65 billion, a P/E ratio of 37.78, a P/E/G ratio of 1.84 and a beta of 0.76. The stock has a 50 day moving average price of $180.49 and a 200 day moving average price of $173.12.

Vulcan Materials (NYSE:VMC – Get Rating) last issued its earnings results on Thursday, February 16th. The construction company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.18). The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.84 billion. Vulcan Materials had a net margin of 7.87% and a return on equity of 10.09%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $1.25 earnings per share. As a group, sell-side analysts predict that Vulcan Materials will post 6 earnings per share for the current year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Monday, March 6th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, March 3rd. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a yield of 1.06%. Vulcan Materials’s payout ratio is 39.91%.

Wall Street Analysts Forecast Growth

VMC has been the subject of several analyst reports. Raymond James raised their price objective on Vulcan Materials from $186.00 to $199.00 and gave the company an “outperform” rating in a research note on Wednesday, January 25th. Citigroup raised their price objective on Vulcan Materials from $194.00 to $211.00 in a research note on Tuesday, January 10th. Royal Bank of Canada raised their price objective on Vulcan Materials from $191.00 to $193.00 and gave the company an “outperform” rating in a research note on Friday, February 17th. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Vulcan Materials in a research note on Friday, February 10th. Finally, Truist Financial raised their price objective on Vulcan Materials from $210.00 to $225.00 in a research note on Friday, February 17th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $204.25.

Vulcan Materials Company Profile

(Get Rating)

Vulcan Materials Co engages in the provision of basic materials and supply for the infrastructure and construction industries. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.