Y Intercept Hong Kong Ltd Takes $5.08 Million Position in Vulcan Materials (NYSE:VMC)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Vulcan Materials (NYSE:VMC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 19,756 shares of the construction company’s stock, valued at approximately $5,082,000.

A number of other hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. lifted its position in Vulcan Materials by 13.9% during the fourth quarter. Principal Financial Group Inc. now owns 6,062,201 shares of the construction company’s stock valued at $1,559,380,000 after purchasing an additional 741,631 shares in the last quarter. State Street Corp lifted its position in shares of Vulcan Materials by 1.2% during the 3rd quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock valued at $1,322,546,000 after buying an additional 65,163 shares in the last quarter. FMR LLC lifted its holdings in Vulcan Materials by 2.2% during the third quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock valued at $916,807,000 after purchasing an additional 78,271 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Vulcan Materials by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock valued at $826,644,000 after purchasing an additional 33,061 shares in the last quarter. Finally, Stockbridge Partners LLC lifted its holdings in Vulcan Materials by 9.6% during the third quarter. Stockbridge Partners LLC now owns 1,568,564 shares of the construction company’s stock valued at $392,815,000 after purchasing an additional 137,365 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Down 2.3 %

NYSE VMC opened at $252.68 on Monday. The stock has a 50 day moving average price of $266.20 and a 200-day moving average price of $261.66. Vulcan Materials has a one year low of $225.36 and a one year high of $298.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. The company has a market capitalization of $33.37 billion, a P/E ratio of 36.89, a P/E/G ratio of 2.03 and a beta of 0.84.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business earned $1.46 earnings per share. As a group, equities analysts predict that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.49 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.96 annualized dividend and a yield of 0.78%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.86%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Truist Financial boosted their price objective on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays boosted 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. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Stephens reissued an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $305.00.

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.