PNC Monetary Providers Group Inc. elevated its holdings in shares of Vulcan Supplies (NYSE:VMC – Free Report) by 4.2% within the third quarter, HoldingsChannel studies. The agency owned 50,537 shares of the development firm’s inventory after shopping for a further 2,051 shares in the course of the interval. PNC Monetary Providers Group Inc.’s holdings in Vulcan Supplies have been price $12,656,000 as of its most up-to-date submitting with the SEC.
Various different institutional buyers have additionally lately purchased and bought shares of the enterprise. Principal Monetary Group Inc. lifted its place in shares of Vulcan Supplies by 19.9% within the third quarter. Principal Monetary Group Inc. now owns 5,320,570 shares of the development firm’s inventory valued at $1,332,431,000 after shopping for a further 884,580 shares over the last quarter. Allspring International Investments Holdings LLC lifted its holdings in Vulcan Supplies by 18.4% in the course of the third quarter. Allspring International Investments Holdings LLC now owns 2,130,537 shares of the development firm’s inventory valued at $533,551,000 after buying a further 330,433 shares over the last quarter. Ceredex Worth Advisors LLC boosted its place in Vulcan Supplies by 136.3% in the course of the third quarter. Ceredex Worth Advisors LLC now owns 355,857 shares of the development firm’s inventory price $89,117,000 after buying a further 205,260 shares in the course of the interval. BNP PARIBAS ASSET MANAGEMENT Holding S.A. elevated its holdings in shares of Vulcan Supplies by 1,191.7% within the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,005 shares of the development firm’s inventory valued at $39,541,000 after buying a further 146,695 shares over the last quarter. Lastly, AQR Capital Administration LLC lifted its stake in shares of Vulcan Supplies by 136.1% in the course of the 2nd quarter. AQR Capital Administration LLC now owns 184,471 shares of the development firm’s inventory price $45,874,000 after shopping for a further 106,324 shares over the last quarter. Institutional buyers and hedge funds personal 90.39% of the corporate’s inventory.
Vulcan Supplies Inventory Efficiency
Shares of Vulcan Supplies inventory opened at $284.61 on Friday. The corporate has a 50 day shifting common of $261.25 and a 200-day shifting common of $254.72. The corporate has a market cap of $37.59 billion, a PE ratio of 44.89, a price-to-earnings-growth ratio of two.67 and a beta of 0.81. The corporate has a present ratio of two.86, a fast ratio of two.02 and a debt-to-equity ratio of 0.42. Vulcan Supplies has a 1-year low of $209.60 and a 1-year excessive of $298.31.
Vulcan Supplies (NYSE:VMC – Get Free Report) final issued its earnings outcomes on Wednesday, October thirtieth. The development firm reported $2.22 earnings per share for the quarter, lacking analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Supplies had a web margin of 11.43% and a return on fairness of 11.88%. The enterprise had income of $2 billion in the course of the quarter, in comparison with analyst estimates of $2.01 billion. Throughout the identical interval within the prior yr, the enterprise posted $2.29 EPS. The corporate’s income for the quarter was down 8.3% in comparison with the identical quarter final yr. As a gaggle, equities analysis analysts forecast that Vulcan Supplies will publish 7.2 earnings per share for the present fiscal yr.
Vulcan Supplies Broadcasts Dividend
The agency additionally lately introduced a quarterly dividend, which will probably be paid on Wednesday, November twenty seventh. Shareholders of report on Monday, November 4th will probably be given a $0.46 dividend. This represents a $1.84 dividend on an annualized foundation and a yield of 0.65%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Supplies’s dividend payout ratio is presently 29.02%.
Analyst Upgrades and Downgrades
Various analysis analysts lately commented on the inventory. UBS Group began protection on shares of Vulcan Supplies in a analysis be aware on Thursday, November seventh. They issued a “purchase” ranking and a $349.00 worth goal on the inventory. Royal Financial institution of Canada decreased their goal worth on Vulcan Supplies from $267.00 to $257.00 and set a “sector carry out” ranking on the inventory in a analysis report on Wednesday, August seventh. StockNews.com raised Vulcan Supplies from a “promote” ranking to a “maintain” ranking in a report on Friday, November 1st. JPMorgan Chase & Co. dropped their goal worth on Vulcan Supplies from $250.00 to $245.00 and set a “impartial” ranking for the corporate in a report on Wednesday, October ninth. Lastly, Stephens decreased their worth goal on shares of Vulcan Supplies from $300.00 to $280.00 and set an “obese” ranking on the inventory in a analysis be aware on Thursday, August eighth. 5 analysis analysts have rated the inventory with a maintain ranking and ten have given a purchase ranking to the inventory. In accordance with information from MarketBeat, Vulcan Supplies presently has a median ranking of “Reasonable Purchase” and a consensus worth goal of $280.46.
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Vulcan Supplies Firm Profile
Vulcan Supplies Firm, along with its subsidiaries, produces and provides development aggregates primarily in the USA. It operates via 4 segments: Aggregates, Asphalt, Concrete, and Calcium. The corporate offers crushed stones, sand and gravel, sand, and different aggregates; and associated services and products which can be utilized in development and upkeep of highways, streets, and different public works, in addition to within the development of housing and business, industrial, and different nonresidential services.
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