Atria Wealth Solutions Inc. Sells 291 Shares of Vulcan Materials (NYSE:VMC)

Atria Wealth Solutions Inc. trimmed its position in shares of Vulcan Materials (NYSE:VMC) by 7.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,399 shares of the construction company’s stock after selling 291 shares during the period. Atria Wealth Solutions Inc.’s holdings in Vulcan Materials were worth $845,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of Vulcan Materials by 17,706.3% during the fourth quarter. International Assets Investment Management LLC now owns 47,899 shares of the construction company’s stock valued at $10,874,000 after buying an additional 47,630 shares during the last quarter. CWM LLC grew its position in shares of Vulcan Materials by 9.4% during the 4th quarter. CWM LLC now owns 2,483 shares of the construction company’s stock worth $564,000 after buying an additional 214 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Vulcan Materials during the fourth quarter valued at $61,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Vulcan Materials by 5.0% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,102 shares of the construction company’s stock valued at $704,000 after acquiring an additional 148 shares in the last quarter. Finally, Syon Capital LLC raised its holdings in shares of Vulcan Materials by 19.0% in the fourth quarter. Syon Capital LLC now owns 2,301 shares of the construction company’s stock valued at $522,000 after acquiring an additional 368 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Up 2.8 %

NYSE:VMC opened at $254.89 on Friday. The company’s 50 day moving average is $251.41 and its two-hundred day moving average is $257.33. The company has a market cap of $33.66 billion, a PE ratio of 37.21, a P/E/G ratio of 2.25 and a beta of 0.82. Vulcan Materials has a twelve month low of $190.51 and a twelve month high of $278.79. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business earned $2.29 EPS. Analysts anticipate that Vulcan Materials will post 7.9 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 15th. Vulcan Materials’s payout ratio is 26.86%.

Wall Street Analyst Weigh In

A number of research analysts have commented on VMC shares. Royal Bank of Canada cut their target price on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Stephens reduced their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Truist Financial reduced their price target on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Citigroup dropped their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Loop Capital reduced their target price on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $274.73.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 1,000 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $249.50, for a total transaction of $249,500.00. Following the completion of the transaction, the senior vice president now directly owns 1,660 shares in the company, valued at $414,170. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.62% of the company’s stock.

Vulcan Materials 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.