Goldman Sachs Group Inc. Purchases 16,114 Shares of Vulcan Materials Company $VMC

Goldman Sachs Group Inc. raised its position in Vulcan Materials Company (NYSE:VMC) by 1.6% during the 4th quarter, HoldingsChannel reports. The fund owned 1,040,730 shares of the construction company’s stock after buying an additional 16,114 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Vulcan Materials were worth $296,837,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of VMC. Lone Pine Capital LLC bought a new stake in Vulcan Materials in the 3rd quarter valued at approximately $425,938,000. Norges Bank bought a new stake in Vulcan Materials in the 4th quarter valued at approximately $383,613,000. Assenagon Asset Management S.A. lifted its stake in Vulcan Materials by 993.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 396,628 shares of the construction company’s stock valued at $113,126,000 after acquiring an additional 360,368 shares in the last quarter. Freestone Grove Partners LP bought a new stake in Vulcan Materials in the 3rd quarter valued at approximately $98,911,000. Finally, Vanguard Group Inc. lifted its stake in Vulcan Materials by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock valued at $5,293,274,000 after acquiring an additional 311,539 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Down 0.6%

VMC stock opened at $281.49 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $36.53 billion, a PE ratio of 33.47, a PEG ratio of 2.04 and a beta of 1.05. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The business’s 50 day simple moving average is $281.77 and its 200 day simple moving average is $290.24.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 EPS. As a group, research analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is presently 24.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Stephens boosted their target price on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Morgan Stanley cut their target price on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Royal Bank Of Canada boosted their target price on Vulcan Materials from $296.00 to $298.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Berenberg Bank set a $283.00 target price on Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday. Finally, Truist Financial upped their price objective on Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Vulcan Materials currently has a consensus rating of “Hold” and an average target price of $326.92.

Vulcan Materials 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.