Vulcan Materials (NYSE:VMC) is Stockbridge Partners LLC’s 4th Largest Position

Stockbridge Partners LLC lifted its stake in Vulcan Materials (NYSE:VMC) by 9.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,568,564 shares of the construction company’s stock after purchasing an additional 137,365 shares during the quarter. Vulcan Materials comprises about 7.9% of Stockbridge Partners LLC’s holdings, making the stock its 4th largest holding. Stockbridge Partners LLC owned 1.19% of Vulcan Materials worth $392,815,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in Vulcan Materials by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after purchasing an additional 884,580 shares during the last quarter. FMR LLC lifted its holdings in Vulcan Materials by 2.2% in the third quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock valued at $916,807,000 after acquiring an additional 78,271 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Vulcan Materials by 18.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock valued at $533,551,000 after acquiring an additional 330,433 shares during the last quarter. Vontobel Holding Ltd. grew its position in Vulcan Materials by 7.1% in the third 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 during the period. Finally, Dimensional Fund Advisors LP increased its stake in Vulcan Materials by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company’s stock worth $331,404,000 after acquiring an additional 43,294 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

VMC has been the topic of several recent analyst reports. Stephens decreased their price target on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada lowered their target price on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Truist Financial boosted their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays increased their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, UBS Group started coverage on Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Vulcan Materials currently has an average rating of “Moderate Buy” and a consensus price target of $283.92.

Vulcan Materials Trading Down 0.7 %

NYSE:VMC opened at $286.39 on Friday. Vulcan Materials has a 12-month low of $209.60 and a 12-month high of $298.31. The firm has a market cap of $37.82 billion, a PE ratio of 45.17, a price-to-earnings-growth ratio of 2.77 and a beta of 0.81. 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 fifty day moving average price of $264.56 and a 200 day moving average price of $255.23.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the business posted $2.29 EPS. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. Sell-side analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is presently 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.