Meeder Advisory Services Inc. Has $1.05 Million Position in Vulcan Materials (NYSE:VMC)

Meeder Advisory Services Inc. boosted its holdings in Vulcan Materials (NYSE:VMC) by 2.8% during the third quarter, Holdings Channel reports. The fund owned 4,185 shares of the construction company’s stock after purchasing an additional 114 shares during the period. Meeder Advisory Services Inc.’s holdings in Vulcan Materials were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Covestor Ltd lifted its stake in shares of Vulcan Materials by 13.6% during the 1st quarter. Covestor Ltd now owns 425 shares of the construction company’s stock worth $116,000 after buying an additional 51 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Vulcan Materials by 12.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 9,266 shares of the construction company’s stock worth $2,529,000 after acquiring an additional 1,018 shares during the period. UniSuper Management Pty Ltd grew its position in shares of Vulcan Materials by 298.4% in the first quarter. UniSuper Management Pty Ltd now owns 5,207 shares of the construction company’s stock valued at $1,421,000 after purchasing an additional 3,900 shares during the last quarter. Lake Street Advisors Group LLC bought a new position in shares of Vulcan Materials during the first quarter worth approximately $206,000. Finally, National Bank of Canada FI lifted its holdings in Vulcan Materials by 14.6% during the 1st quarter. National Bank of Canada FI now owns 59,462 shares of the construction company’s stock worth $16,176,000 after purchasing an additional 7,583 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Down 0.2 %

VMC stock opened at $278.74 on Tuesday. The firm has a 50-day moving average price of $257.61 and a 200-day moving average price of $254.15. Vulcan Materials has a 12 month low of $209.39 and a 12 month high of $298.31. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $36.81 billion, a P/E ratio of 43.97, a price-to-earnings-growth ratio of 2.68 and a beta of 0.81.

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, equities research analysts anticipate that Vulcan Materials will post 7.2 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is 29.02%.

Wall Street Analyst Weigh In

A number of brokerages have commented on VMC. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Barclays raised their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Citigroup cut their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a report on Thursday, August 8th. UBS Group began coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target for the company. Finally, Royal Bank of Canada reduced their price target on 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. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $280.46.

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.