Alerus Financial NA cut its holdings in Vulcan Materials (NYSE:VMC – Get Rating) by 27.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,074 shares of the construction company’s stock after selling 6,397 shares during the quarter. Alerus Financial NA’s holdings in Vulcan Materials were worth $3,137,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC increased its stake in shares of Vulcan Materials by 1.0% during the first quarter. Los Angeles Capital Management LLC now owns 22,726 shares of the construction company’s stock worth $4,175,000 after acquiring an additional 226 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $385,000. Wetherby Asset Management Inc. grew its holdings in Vulcan Materials by 4.7% during the fourth quarter. Wetherby Asset Management Inc. now owns 1,947 shares of the construction company’s stock worth $404,000 after acquiring an additional 87 shares during the period. HighTower Advisors LLC boosted its position in shares of Vulcan Materials by 0.3% during the 1st quarter. HighTower Advisors LLC now owns 136,804 shares of the construction company’s stock worth $25,138,000 after purchasing an additional 351 shares in the last quarter. Finally, Kepos Capital LP grew its stake in shares of Vulcan Materials by 36.9% during the 4th quarter. Kepos Capital LP now owns 7,620 shares of the construction company’s stock worth $1,582,000 after purchasing an additional 2,054 shares during the period. 90.25% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Citigroup upped their target price on shares of Vulcan Materials to $199.00 in a research report on Monday, August 15th. Wolfe Research lowered their price target on shares of Vulcan Materials from $211.00 to $194.00 and set an “outperform” rating on the stock in a research report on Thursday, July 14th. Morgan Stanley reduced their target price on Vulcan Materials from $203.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Monday, July 18th. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, August 19th. Finally, Truist Financial reduced their target price on shares of Vulcan Materials to $200.00 in a report on Tuesday, July 5th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $211.06.
Vulcan Materials Stock Up 0.5 %
Vulcan Materials Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Wednesday, August 17th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.94%. The ex-dividend date was Tuesday, August 16th. Vulcan Materials’s dividend payout ratio (DPR) is 36.04%.
About Vulcan Materials
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.
- Get a free copy of the StockNews.com research report on Vulcan Materials (VMC)
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