GSA Capital Partners LLP Raises Position in Vulcan Materials (NYSE:VMC)

GSA Capital Partners LLP lifted its stake in Vulcan Materials (NYSE:VMC) by 78.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,170 shares of the construction company’s stock after buying an additional 957 shares during the period. GSA Capital Partners LLP’s holdings in Vulcan Materials were worth $543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. SouthState Corp boosted its position in shares of Vulcan Materials by 669.2% in the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after buying an additional 87 shares during the period. Kings Path Partners LLC purchased a new position in Vulcan Materials in the second quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new position in Vulcan Materials in the third quarter valued at about $30,000. UMB Bank n.a. boosted its holdings in Vulcan Materials by 61.8% in the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after purchasing an additional 47 shares during the last quarter. Finally, Concord Wealth Partners purchased a new position in Vulcan Materials in the third quarter valued at about $35,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Down 0.3 %

Shares of Vulcan Materials stock opened at $278.01 on Wednesday. Vulcan Materials has a twelve month low of $209.39 and a twelve 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 stock has a market capitalization of $36.71 billion, a price-to-earnings ratio of 43.85, a PEG ratio of 2.68 and a beta of 0.81. The business’s 50 day simple moving average is $258.51 and its 200-day simple moving average is $254.25.

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

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.66%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio is currently 29.02%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VMC shares. Citigroup reduced their price target on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a report on Thursday, August 8th. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. cut their price objective on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Barclays upped their price objective on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada cut their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.46.

Vulcan Materials Company Profile

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.