Vulcan Materials Company $VMC Shares Acquired by Numerai GP LLC

Numerai GP LLC grew its stake in Vulcan Materials Company (NYSE:VMC) by 30.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,383 shares of the construction company’s stock after purchasing an additional 3,119 shares during the period. Numerai GP LLC’s holdings in Vulcan Materials were worth $4,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in VMC. Lone Pine Capital LLC acquired a new stake in shares of Vulcan Materials in the 3rd quarter worth $425,938,000. Norges Bank purchased a new position in Vulcan Materials during the second quarter worth about $308,908,000. JPMorgan Chase & Co. boosted its holdings in Vulcan Materials by 12.3% in the 2nd 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 last quarter. Franklin Resources Inc. grew its stake in shares of Vulcan Materials by 598.5% in the 2nd quarter. Franklin Resources Inc. now owns 719,924 shares of the construction company’s stock valued at $187,771,000 after buying an additional 616,850 shares during the period. Finally, Vontobel Holding Ltd. increased its holdings in shares of Vulcan Materials by 48.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,511,427 shares of the construction company’s stock worth $464,945,000 after buying an additional 491,957 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Up 0.2%

NYSE:VMC opened at $265.84 on Tuesday. Vulcan Materials Company has a 12-month low of $218.87 and a 12-month high of $331.09. The firm has a market cap of $34.71 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 1.85 and a beta of 1.05. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average price of $301.70 and a 200 day moving average price of $296.67.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the business earned $2.17 EPS. Vulcan Materials’s revenue for the quarter was up 3.2% on a year-over-year basis. Sell-side analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be issued 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 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 (DPR) is 25.62%.

Insider Activity

In related news, Director Melissa H. Anderson sold 1,137 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $303.72, for a total transaction of $345,329.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on VMC. Weiss Ratings reissued a “buy (b)” rating on shares of Vulcan Materials in a research note on Tuesday, January 27th. Truist Financial boosted their price objective on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Zacks Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Wall Street Zen downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Finally, DA Davidson lowered their price objective on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Vulcan Materials currently has an average 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.