Vulcan Materials Company $VMC Shares Bought by Interval Partners LP

Interval Partners LP grew its holdings in Vulcan Materials Company (NYSE:VMC) by 82.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 152,645 shares of the construction company’s stock after acquiring an additional 69,189 shares during the period. Vulcan Materials comprises approximately 0.8% of Interval Partners LP’s holdings, making the stock its 28th biggest holding. Interval Partners LP’s holdings in Vulcan Materials were worth $46,957,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Vulcan Materials during the 2nd quarter worth $308,908,000. JPMorgan Chase & Co. raised its position in Vulcan Materials by 12.3% in the second quarter. JPMorgan Chase & Co. now owns 7,824,987 shares of the construction company’s stock valued at $2,040,914,000 after purchasing an additional 857,210 shares during the period. Franklin Resources Inc. raised its position in Vulcan Materials by 598.5% in the second quarter. Franklin Resources Inc. now owns 719,924 shares of the construction company’s stock valued at $187,771,000 after purchasing an additional 616,850 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of Vulcan Materials by 48.3% during the third quarter. Vontobel Holding Ltd. now owns 1,511,427 shares of the construction company’s stock worth $464,945,000 after purchasing an additional 491,957 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Vulcan Materials by 5.8% during the third quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock worth $2,345,703,000 after purchasing an additional 414,828 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $303.72, for a total transaction of $345,329.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.62% of the company’s stock.

Vulcan Materials Stock Up 0.6%

Shares of Vulcan Materials stock opened at $265.50 on Friday. Vulcan Materials Company has a 1-year low of $218.87 and a 1-year high of $331.09. The company has a market capitalization of $34.67 billion, a PE ratio of 32.70, a P/E/G ratio of 1.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.69 and a quick ratio of 1.97. The business has a 50-day moving average of $302.31 and a 200-day moving average of $296.77.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Tuesday, February 17th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.41). The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.95 billion. Vulcan Materials had a return on equity of 12.56% and a net margin of 13.56%.The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.17 EPS. As a group, equities analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, March 9th. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. Vulcan Materials’s dividend payout ratio is currently 25.62%.

Analyst Ratings Changes

VMC has been the subject of a number of recent research reports. DA Davidson lowered their target price on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Wells Fargo & Company reduced their price target on Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $320.00 price target (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. B. Riley Financial initiated coverage on shares of Vulcan Materials in a research report on Thursday, January 15th. They issued a “buy” rating and a $345.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on shares of Vulcan Materials from $321.00 to $322.00 and gave the company an “equal weight” rating in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.29.

About Vulcan Materials

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.