Dimensional Fund Advisors LP Decreases Stock Holdings in Vulcan Materials Company $VMC

Key Points

• Dimensional Fund Advisors LP reduced its holdings in Vulcan Materials Company by 1.6%, currently owning approximately 1.04% of the company worth about $321.67 million.
• Vulcan Materials reported earnings per share (EPS) of $2.45, missing estimates, with revenue of $2.10 billion for the quarter.
• The company declared a quarterly dividend of $0.49 per share, representing an annualized yield of 0.7%.

Dimensional Fund Advisors LP cut its stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 1.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,378,891 shares of the construction company's stock after selling 22,146 shares during the period. Dimensional Fund Advisors LP owned about 1.04% of Vulcan Materials worth $321,671,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in shares of Vulcan Materials in the first quarter worth about $27,000. Kapitalo Investimentos Ltda bought a new stake in Vulcan Materials during the 4th quarter worth about $35,000. Manchester Capital Management LLC grew its position in shares of Vulcan Materials by 26.9% during the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock worth $43,000 after buying an additional 39 shares during the period. Wayfinding Financial LLC bought a new position in Vulcan Materials in the first quarter valued at approximately $45,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Vulcan Materials in the 4th quarter valued at $46,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Trading Up 2.0%

Shares of NYSE VMC traded up $5.8050 during mid-day trading on Friday, reaching $294.0850. The company had a trading volume of 177,204 shares, compared to its average volume of 1,052,049. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The business's 50-day moving average is $271.73 and its 200-day moving average is $259.05. The stock has a market cap of $38.85 billion, a price-to-earnings ratio of 41.07, a price-to-earnings-growth ratio of 2.34 and a beta of 0.83. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its 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). The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The firm's revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.35 earnings per share. Equities analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials's payout ratio is 27.37%.

Analyst Ratings Changes

Several brokerages have issued reports on VMC. Stephens set a $315.00 price objective on shares of Vulcan Materials and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Raymond James Financial cut their price objective on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Royal Bank Of Canada dropped their price objective on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Morgan Stanley cut their price target on shares of Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a research report on Monday, July 28th. Finally, Stifel Nicolaus boosted their price target on shares of Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $304.27.

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.