Capital Performance Advisors LLP Invests $42,000 in Vulcan Materials (NYSE:VMC)

Capital Performance Advisors LLP purchased a new position in shares of Vulcan Materials (NYSE:VMC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 166 shares of the construction company’s stock, valued at approximately $42,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Vulcan Materials by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock worth $4,368,273,000 after buying an additional 755,991 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Vulcan Materials by 19.9% during the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after acquiring an additional 884,580 shares during the period. Allspring Global Investments Holdings LLC raised its position in Vulcan Materials by 18.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after acquiring an additional 330,433 shares in the last quarter. Capital World Investors acquired a new stake in Vulcan Materials in the first quarter valued at $388,027,000. Finally, Vontobel Holding Ltd. boosted its position in shares of Vulcan Materials by 7.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,369,530 shares of the construction company’s stock worth $342,971,000 after purchasing an additional 91,318 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Price Performance

NYSE:VMC opened at $292.31 on Monday. The firm has a market cap of $38.60 billion, a price-to-earnings ratio of 46.11, a price-to-earnings-growth ratio of 2.81 and a beta of 0.81. Vulcan Materials has a 12-month low of $208.09 and a 12-month high of $298.31. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average is $251.73 and its two-hundred day moving average is $253.15.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm’s revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. Research analysts expect that Vulcan Materials will post 7.2 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s dividend payout ratio is currently 29.02%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Truist Financial increased their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st. UBS Group started coverage on Vulcan Materials in a research note on Thursday. They set a “buy” rating and a $349.00 price target on the stock. Stephens dropped their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $280.46.

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.