Hsbc Holdings PLC Lowers Position in Vulcan Materials (NYSE:VMC)

Hsbc Holdings PLC decreased its holdings in shares of Vulcan Materials (NYSE:VMCGet Rating) by 0.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 319,049 shares of the construction company’s stock after selling 620 shares during the period. Hsbc Holdings PLC owned 0.24% of Vulcan Materials worth $58,790,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Stockbridge Partners LLC increased its holdings in Vulcan Materials by 6.4% during the first quarter. Stockbridge Partners LLC now owns 1,753,078 shares of the construction company’s stock valued at $322,040,000 after buying an additional 105,274 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of Vulcan Materials by 39.8% in the 1st quarter. Proficio Capital Partners LLC now owns 2,438 shares of the construction company’s stock valued at $448,000 after acquiring an additional 694 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Vulcan Materials by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 641,713 shares of the construction company’s stock worth $117,883,000 after acquiring an additional 19,698 shares in the last quarter. Mariner LLC purchased a new stake in shares of Vulcan Materials during the 1st quarter worth $16,628,000. Finally, Founders Financial Securities LLC boosted its position in Vulcan Materials by 11.4% during the first quarter. Founders Financial Securities LLC now owns 3,707 shares of the construction company’s stock valued at $681,000 after purchasing an additional 378 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on VMC. Truist Financial reduced their target price on shares of Vulcan Materials to $200.00 in a report on Tuesday, July 5th. Citigroup increased their target price on shares of Vulcan Materials to $199.00 in a research report on Monday, August 15th. The Goldman Sachs Group cut their price target on shares of Vulcan Materials from $215.00 to $189.00 and set a “neutral” rating on the stock in a report on Thursday, June 23rd. Vertical Research upgraded Vulcan Materials from a “hold” rating to a “buy” rating and set a $225.00 price objective for the company in a report on Thursday, September 1st. Finally, DA Davidson boosted their target price on Vulcan Materials to $205.00 in a research note on Tuesday, August 9th. Seven research 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 company has an average rating of “Moderate Buy” and an average price target of $211.06.

Vulcan Materials Stock Up 0.6 %

Shares of VMC opened at $171.81 on Monday. The company has a market capitalization of $22.83 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 2.22 and a beta of 0.79. Vulcan Materials has a 52 week low of $137.54 and a 52 week high of $213.65. The stock’s 50-day moving average price is $163.30 and its 200-day moving average price is $167.07. The company has a quick ratio of 1.34, a current ratio of 1.85 and a debt-to-equity ratio of 0.57.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Wednesday, August 17th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, August 16th. Vulcan Materials’s dividend 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.

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

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