Baldwin Investment Management LLC Sells 100 Shares of Vulcan Materials (NYSE:VMC)

Baldwin Investment Management LLC reduced its holdings in shares of Vulcan Materials (NYSE:VMC) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,764 shares of the construction company’s stock after selling 100 shares during the quarter. Baldwin Investment Management LLC’s holdings in Vulcan Materials were worth $1,443,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in VMC. BNP Paribas Financial Markets increased its position in shares of Vulcan Materials by 55.7% in the third quarter. BNP Paribas Financial Markets now owns 217,495 shares of the construction company’s stock valued at $54,467,000 after acquiring an additional 77,843 shares during the last quarter. Quantbot Technologies LP raised its position in Vulcan Materials by 622.4% during the third quarter. Quantbot Technologies LP now owns 29,302 shares of the construction company’s stock worth $7,338,000 after acquiring an additional 25,246 shares in the last quarter. FMR LLC lifted its stake in Vulcan Materials by 2.2% in the third quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock valued at $916,807,000 after acquiring an additional 78,271 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Vulcan Materials by 0.5% during the 3rd quarter. Bank of Montreal Can now owns 173,625 shares of the construction company’s stock worth $43,448,000 after purchasing an additional 836 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Vulcan Materials by 38.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 136,737 shares of the construction company’s stock valued at $34,243,000 after purchasing an additional 38,329 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $288.40 on Wednesday. The stock has a market cap of $38.09 billion, a PE ratio of 45.49, a P/E/G ratio of 2.81 and a beta of 0.81. 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 12-month low of $209.60 and a 12-month high of $298.31. The business’s 50-day moving average price is $263.07 and its two-hundred day moving average price is $254.79.

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

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 annualized dividend and a yield of 0.64%. Vulcan Materials’s dividend payout ratio is presently 29.02%.

Analysts Set New Price Targets

VMC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Citigroup reduced their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Truist Financial lifted their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada dropped their price target on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average price target of $280.46.

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 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.