5,164 Shares in Vulcan Materials (NYSE:VMC) Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd acquired a new position in Vulcan Materials (NYSE:VMC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,164 shares of the construction company’s stock, valued at approximately $1,293,000.

Several other large investors have also modified their holdings of the business. FSA Wealth Management LLC bought a new stake in shares of Vulcan Materials during the 3rd quarter worth approximately $57,000. True Wealth Design LLC grew its position in Vulcan Materials by 6,040.0% in the 3rd quarter. True Wealth Design LLC now owns 307 shares of the construction company’s stock valued at $77,000 after acquiring an additional 302 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Vulcan Materials by 14.4% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 141,714 shares of the construction company’s stock worth $35,489,000 after purchasing an additional 17,812 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Vulcan Materials during the third quarter worth $5,599,000. Finally, Point72 Europe London LLP bought a new stake in shares of Vulcan Materials during the third quarter worth $18,253,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on VMC shares. Royal Bank of Canada cut their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Truist Financial raised their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research 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. JPMorgan Chase & Co. raised their price objective on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Finally, Citigroup decreased their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average price target of $283.92.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $288.13 on Monday. The company has a market capitalization of $38.05 billion, a PE ratio of 45.45, a P/E/G ratio of 2.79 and a beta of 0.81. The company has a 50-day simple moving average of $265.28 and a two-hundred day simple moving average of $255.16. Vulcan Materials has a one year low of $209.60 and a one year high of $298.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86.

Vulcan Materials (NYSE:VMC) last posted 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 firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company’s revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.29 EPS. Research analysts expect that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were issued a dividend of $0.46 per share. The ex-dividend date was Monday, November 4th. This represents a $1.84 annualized dividend and a dividend yield of 0.64%. Vulcan Materials’s dividend payout ratio (DPR) is currently 29.02%.

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.