Capital Performance Advisors LLP Makes New Investment in Vulcan Materials (NYSE:VMC)

Capital Performance Advisors LLP purchased a new stake in Vulcan Materials (NYSE:VMC) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 166 shares of the construction company’s stock, valued at approximately $42,000.

Several other institutional investors also recently made changes to their positions in the stock. SouthState Corp raised its position in shares of Vulcan Materials by 669.2% in the 2nd 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 shares of Vulcan Materials in the 2nd quarter worth about $27,000. UMB Bank n.a. lifted its stake in shares of Vulcan Materials by 61.8% in the 2nd 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 in the last quarter. Concord Wealth Partners purchased a new stake in shares of Vulcan Materials during the 3rd quarter worth about $35,000. Finally, Asset Dedication LLC increased its position in Vulcan Materials by 146.5% during the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after purchasing an additional 104 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VMC has been the topic of a number of recent research reports. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. UBS Group started coverage on shares of Vulcan Materials in a research report on Thursday. They set a “buy” rating and a $349.00 price target for the company. Barclays raised their price objective on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reduced 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. Finally, Stephens lowered their target price on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $280.46.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $292.31 on Monday. Vulcan Materials has a 52 week low of $208.09 and a 52 week 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 cap of $38.60 billion, a P/E ratio of 46.11, a price-to-earnings-growth ratio of 2.81 and a beta of 0.81. The stock has a 50 day moving average of $251.73 and a 200-day moving average of $253.15.

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

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s payout ratio is currently 29.02%.

Vulcan Materials 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.