Hantz Financial Services Inc. Sells 1,807 Shares of Vulcan Materials (NYSE:VMC)

Hantz Financial Services Inc. lowered its stake in shares of Vulcan Materials (NYSE:VMC) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,597 shares of the construction company’s stock after selling 1,807 shares during the quarter. Hantz Financial Services Inc.’s holdings in Vulcan Materials were worth $8,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in VMC. SouthState Corp boosted its holdings in Vulcan Materials by 669.2% in the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after acquiring an additional 87 shares in the last quarter. Kings Path Partners LLC purchased a new stake in Vulcan Materials during the 2nd quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new position in Vulcan Materials during the 3rd quarter valued at approximately $30,000. UMB Bank n.a. lifted its stake in shares of Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after buying an additional 47 shares during the period. Finally, Concord Wealth Partners purchased a new stake in shares of Vulcan Materials during the third quarter valued at $35,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Up 0.6 %

VMC stock opened at $288.16 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. Vulcan Materials has a 52-week low of $209.60 and a 52-week high of $298.31. The company’s 50-day simple moving average is $265.28 and its 200-day simple moving average is $255.35. The firm has a market cap of $38.05 billion, a P/E ratio of 45.45, a PEG ratio of 2.77 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.29 EPS. As a group, equities analysts forecast that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 4th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.64%. The ex-dividend date was Monday, November 4th. Vulcan Materials’s payout ratio is presently 29.02%.

Analyst Ratings Changes

VMC has been the subject of a number of research analyst reports. Barclays raised their target price on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Stephens decreased their target price on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada cut their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Citigroup dropped their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Truist Financial boosted their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $283.92.

Vulcan Materials Company Profile

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 company 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.