Caprock Group LLC Acquires 416 Shares of Vulcan Materials (NYSE:VMC)

Caprock Group LLC raised its stake in shares of Vulcan Materials (NYSE:VMC) by 25.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,041 shares of the construction company’s stock after purchasing an additional 416 shares during the period. Caprock Group LLC’s holdings in Vulcan Materials were worth $511,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Vulcan Materials by 19.9% during the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after buying an additional 884,580 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Vulcan Materials by 18.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after acquiring an additional 330,433 shares during the last quarter. Vontobel Holding Ltd. grew its stake in shares of Vulcan Materials by 7.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,369,530 shares of the construction company’s stock worth $342,971,000 after acquiring an additional 91,318 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Vulcan Materials by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company’s stock valued at $331,404,000 after purchasing an additional 43,294 shares during the last quarter. Finally, XN LP lifted its position in shares of Vulcan Materials by 21.6% during the second quarter. XN LP now owns 519,647 shares of the construction company’s stock valued at $129,226,000 after purchasing an additional 92,388 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Stephens cut their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Truist Financial raised their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. UBS Group assumed coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target on the stock. Finally, Barclays raised their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and an average price target of $280.46.

Vulcan Materials Price Performance

VMC stock opened at $284.61 on Friday. The firm has a 50 day simple moving average of $261.25 and a two-hundred day simple moving average of $254.72. The stock has a market cap of $37.59 billion, a PE ratio of 44.89, a P/E/G ratio of 2.67 and a beta of 0.81. Vulcan Materials has a one year low of $209.60 and a one year high of $298.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02.

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

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.65%. Vulcan Materials’s payout ratio is 29.02%.

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.