Atria Wealth Solutions Inc. Has $526,000 Stock Holdings in Vulcan Materials Company $VMC

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in Vulcan Materials Company by 48% to 2,013 shares, valued at $526,000, according to their recent SEC filing.
• Several institutional investors have recently altered their stakes in Vulcan Materials, including ORG Partners LLC, which increased its stake by 86.3%.
• Vulcan Materials announced a quarterly dividend of $0.49, to be paid on November 25th, which represents an annualized yield of 0.7%.

Atria Wealth Solutions Inc. lessened its position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 48.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,013 shares of the construction company's stock after selling 1,857 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Vulcan Materials were worth $526,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. ORG Partners LLC lifted its stake in shares of Vulcan Materials by 86.3% during the second quarter. ORG Partners LLC now owns 95 shares of the construction company's stock valued at $25,000 after acquiring an additional 44 shares during the period. Concord Wealth Partners acquired a new position in shares of Vulcan Materials during the second quarter valued at $33,000. Manchester Capital Management LLC lifted its stake in shares of Vulcan Materials by 26.9% during the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock valued at $43,000 after acquiring an additional 39 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Vulcan Materials during the first quarter valued at $45,000. Finally, Steph & Co. acquired a new position in shares of Vulcan Materials during the second quarter valued at $55,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Activity

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $298.56, for a total value of $208,394.88. Following the completion of the sale, the senior vice president directly owned 2,832 shares in the company, valued at $845,521.92. This represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VMC. Royal Bank Of Canada cut their price target on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Morgan Stanley dropped their price objective on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a report on Monday, July 28th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Vulcan Materials in a report on Wednesday, October 8th. Barclays upped their price objective on Vulcan Materials from $285.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Citigroup reiterated a "buy" rating and issued a $321.00 price objective (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $308.58.

Vulcan Materials Stock Down 0.3%

Shares of Vulcan Materials stock opened at $295.37 on Monday. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $311.74. The business has a 50-day moving average of $296.12 and a two-hundred day moving average of $273.60. The company has a market capitalization of $39.02 billion, a P/E ratio of 41.25, a price-to-earnings-growth ratio of 2.41 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the company earned $2.35 earnings per share. The firm's revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts predict that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, November 10th. Vulcan Materials's dividend payout ratio is 27.37%.

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.

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