A number of other institutional investors have also recently made changes to their positions in the stock. WINTON GROUP Ltd boosted its holdings in shares of Vulcan Materials by 464.4% during the 3rd quarter. WINTON GROUP Ltd now owns 18,395 shares of the construction company’s stock valued at $2,901,000 after acquiring an additional 15,136 shares during the last quarter. ExodusPoint Capital Management LP lifted its stake in shares of Vulcan Materials by 1,076.6% in the 3rd quarter. ExodusPoint Capital Management LP now owns 28,945 shares of the construction company’s stock worth $4,565,000 after purchasing an additional 26,485 shares during the period. Greenleaf Trust lifted its stake in shares of Vulcan Materials by 12.7% in the 3rd quarter. Greenleaf Trust now owns 2,122 shares of the construction company’s stock worth $335,000 after purchasing an additional 239 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Vulcan Materials by 25.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,548 shares of the construction company’s stock worth $1,348,000 after purchasing an additional 1,725 shares during the period. Finally, Korea Investment CORP lifted its stake in shares of Vulcan Materials by 13.5% in the 3rd quarter. Korea Investment CORP now owns 358,899 shares of the construction company’s stock worth $56,602,000 after purchasing an additional 42,775 shares during the period. Hedge funds and other institutional investors own 90.08% of the company’s stock.
In related news, SVP David P. Clement sold 2,000 shares of the firm’s stock in a transaction on Monday, December 5th. The shares were sold at an average price of $180.00, for a total value of $360,000.00. Following the completion of the transaction, the senior vice president now directly owns 1,970 shares of the company’s stock, valued at $354,600. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.55% of the company’s stock.
Vulcan Materials Trading Up 5.3 %
Vulcan Materials stock opened at $195.45 on Thursday. The stock has a market cap of $25.98 billion, a P/E ratio of 43.92, a PEG ratio of 2.01 and a beta of 0.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.71 and a quick ratio of 1.31. Vulcan Materials has a 1 year low of $137.54 and a 1 year high of $197.76. The firm’s 50 day moving average price is $180.37 and its 200-day moving average price is $172.34.
Vulcan Materials Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Stockholders of record on Monday, March 6th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, March 3rd. This represents a $1.72 annualized dividend and a dividend yield of 0.88%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.40. Vulcan Materials’s dividend payout ratio (DPR) is presently 35.96%.
Analyst Upgrades and Downgrades
VMC has been the topic of several recent research reports. Seaport Res Ptn reiterated a “neutral” rating on shares of Vulcan Materials in a research note on Friday, February 10th. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $185.00 to $200.00 in a research note on Thursday, December 8th. Raymond James increased their price objective on shares of Vulcan Materials from $186.00 to $199.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 25th. Atlantic Securities cut shares of Vulcan Materials from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $180.00 to $185.00 in a research note on Tuesday, January 24th. Finally, Stifel Nicolaus raised their target price on shares of Vulcan Materials from $215.00 to $227.00 and gave the stock a “buy” rating in a research note on Monday, December 19th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $201.67.
Vulcan Materials Profile
Vulcan Materials Co engages in the provision of basic materials and supply for the infrastructure and construction industries. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.
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