1,065,963 Shares in Vulcan Materials Company $VMC Acquired by Stockbridge Partners LLC

Stockbridge Partners LLC acquired a new stake in Vulcan Materials Company (NYSE:VMC) during the second quarter, Holdings Channel.com reports. The fund acquired 1,065,963 shares of the construction company’s stock, valued at approximately $314,470,000. Vulcan Materials comprises about 6.6% of Stockbridge Partners LLC’s holdings, making the stock its 7th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Chesapeake Capital Corp IL lifted its stake in Vulcan Materials by 0.9% during the fourth quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock worth $1,059,000 after purchasing an additional 33 shares during the last quarter. Composition Wealth LLC increased its stake in shares of Vulcan Materials by 3.5% in the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock valued at $289,000 after purchasing an additional 34 shares during the last quarter. Truist Financial Corp increased its stake in shares of Vulcan Materials by 0.3% in the 4th quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock valued at $3,802,000 after purchasing an additional 38 shares during the last quarter. United Capital Financial Advisors LLC raised its holdings in shares of Vulcan Materials by 1.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock worth $952,000 after buying an additional 38 shares in the last quarter. Finally, 4WEALTH Advisors Inc. raised its holdings in shares of Vulcan Materials by 3.2% during the 1st quarter. 4WEALTH Advisors Inc. now owns 1,261 shares of the construction company’s stock worth $337,000 after buying an additional 39 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP David P. Clement sold 2,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the completion of the transaction, the senior vice president owned 6,716 shares of the company’s stock, valued at approximately $1,914,731.60. This trade represents a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.65% of the stock is owned by insiders.

Vulcan Materials Price Performance

Shares of VMC opened at $275.87 on Tuesday. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09. The business has a 50-day simple moving average of $288.85 and a two-hundred day simple moving average of $287.23. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The stock has a market cap of $35.75 billion, a PE ratio of 32.57, a PEG ratio of 1.99 and a beta of 1.06.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the company earned $2.42 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is 24.56%.

Analysts Set New Price Targets

Several analysts recently weighed in on VMC shares. Citigroup reduced their price objective on Vulcan Materials from $355.00 to $350.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. UBS Group lowered their target price on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Stephens increased their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Berenberg Bank set a $283.00 price target on shares of Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Finally, Royal Bank Of Canada lifted their price target on shares of Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $327.93.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.