WINTON GROUP Ltd Acquires 5,865 Shares of Vulcan Materials (NYSE:VMC)

WINTON GROUP Ltd boosted its holdings in shares of Vulcan Materials (NYSE:VMC) by 192.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,917 shares of the construction company’s stock after acquiring an additional 5,865 shares during the quarter. WINTON GROUP Ltd’s holdings in Vulcan Materials were worth $2,217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Vulcan Materials by 5.0% in the first quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock valued at $4,368,273,000 after purchasing an additional 755,991 shares during the period. Principal Financial Group Inc. raised its position in shares of Vulcan Materials by 1.9% in the first quarter. Principal Financial Group Inc. now owns 4,494,455 shares of the construction company’s stock valued at $1,226,627,000 after purchasing an additional 83,601 shares during the period. Capital World Investors acquired a new stake in shares of Vulcan Materials in the first quarter worth $388,027,000. Norges Bank acquired a new stake in shares of Vulcan Materials in the fourth quarter worth $282,528,000. Finally, Point72 Asset Management L.P. grew its stake in shares of Vulcan Materials by 271.0% in the fourth quarter. Point72 Asset Management L.P. now owns 823,141 shares of the construction company’s stock worth $186,861,000 after acquiring an additional 601,268 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

VMC has been the topic of several research analyst reports. Loop Capital lowered their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Royal Bank of Canada lowered their price objective on shares of 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. Truist Financial lowered their price objective on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Stephens lowered their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Citigroup lowered their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and nine have given a buy 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 $274.73.

Vulcan Materials Stock Up 0.5 %

VMC opened at $237.47 on Monday. The firm’s 50-day simple moving average is $248.40 and its 200-day simple moving average is $256.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48. Vulcan Materials has a twelve month low of $190.51 and a twelve month high of $278.79. The firm has a market cap of $31.36 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 2.19 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing the consensus estimate of $2.47 by ($0.12). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the company posted $2.29 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts anticipate that Vulcan Materials will post 7.73 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.84 annualized dividend and a yield of 0.77%. Vulcan Materials’s dividend payout ratio (DPR) is 26.86%.

About Vulcan Materials

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.