Partners Capital Investment Group LLP Takes $3.23 Million Position in Vulcan Materials Company $VMC

Partners Capital Investment Group LLP bought a new position in shares of Vulcan Materials Company (NYSE:VMC) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 10,942 shares of the construction company’s stock, valued at approximately $3,228,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Vulcan Materials in the second quarter valued at approximately $2,868,444,000. Norges Bank purchased a new stake in Vulcan Materials during the fourth quarter worth approximately $383,613,000. Egerton Capital UK LLP acquired a new stake in shares of Vulcan Materials in the fourth quarter worth $273,861,000. Bank of New York Mellon Corp acquired a new stake in shares of Vulcan Materials in the second quarter worth $213,960,000. Finally, Deutsche Bank AG purchased a new position in shares of Vulcan Materials in the 2nd quarter valued at $208,673,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Transactions at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the transaction, the senior vice president directly owned 8,716 shares in the company, valued at $2,547,599.64. This represents a 20.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.65% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VMC shares. Citigroup reduced their target price on shares of Vulcan Materials from $355.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Wall Street Zen downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Oppenheimer initiated coverage on Vulcan Materials in a report on Thursday, May 28th. They set a “market perform” rating on the stock. Royal Bank Of Canada lifted their price target on shares of Vulcan Materials from $293.00 to $300.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Finally, Berenberg Bank set a $283.00 target price on Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, June 2nd. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and an average target price of $327.93.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $275.87 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $288.85 and its two-hundred day moving average price is $287.23. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week high of $331.09. The stock has a market capitalization of $35.75 billion, a P/E ratio of 32.57, a P/E/G ratio of 1.99 and a beta of 1.06.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.46 by $0.13. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.42 earnings per share. As a group, sell-side analysts forecast that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. Vulcan Materials’s payout ratio is currently 24.56%.

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.