Strategic Wealth Partners Ltd. Acquires 865 Shares of Vulcan Materials (NYSE:VMC)

Strategic Wealth Partners Ltd. grew its position in Vulcan Materials (NYSE:VMCGet Rating) by 10.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,370 shares of the construction company’s stock after purchasing an additional 865 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Vulcan Materials were worth $1,721,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Key Financial Inc bought a new stake in shares of Vulcan Materials in the 1st quarter valued at $26,000. Achmea Investment Management B.V. acquired a new position in shares of Vulcan Materials during the 1st quarter valued at $29,000. Bank of New Hampshire acquired a new position in shares of Vulcan Materials during the 1st quarter valued at $38,000. Allworth Financial LP lifted its position in shares of Vulcan Materials by 84.9% during the 1st quarter. Allworth Financial LP now owns 257 shares of the construction company’s stock valued at $47,000 after acquiring an additional 118 shares during the period. Finally, Standard Family Office LLC acquired a new position in shares of Vulcan Materials during the 1st quarter valued at $48,000. 90.25% of the stock is owned by institutional investors.

Vulcan Materials Price Performance

VMC opened at $160.22 on Thursday. The firm has a market cap of $21.29 billion, a P/E ratio of 36.07, a PEG ratio of 2.22 and a beta of 0.79. The firm has a 50-day moving average of $164.26 and a 200 day moving average of $166.96. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.85. 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 business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Wednesday, August 17th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, August 16th. This represents a $1.60 annualized dividend and a yield of 1.00%. Vulcan Materials’s payout ratio is currently 36.04%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VMC shares. Truist Financial dropped their target price on shares of Vulcan Materials to $200.00 in a research report on Tuesday, July 5th. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, August 19th. Morgan Stanley lowered their price objective on shares of Vulcan Materials from $203.00 to $180.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. The Goldman Sachs Group lowered their price objective 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. Finally, Vertical Research upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating in a report on Monday. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $211.06.

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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