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

Stockbridge Partners LLC raised its stake in Vulcan Materials (NYSE:VMC) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,568,564 shares of the construction company’s stock after purchasing an additional 137,365 shares during the period. Vulcan Materials accounts for about 7.9% of Stockbridge Partners LLC’s holdings, making the stock its 4th biggest position. Stockbridge Partners LLC’s holdings in Vulcan Materials were worth $392,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in shares of 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 buying an additional 884,580 shares in the last quarter. FMR LLC lifted its position 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 boosted its stake 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 in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Vulcan Materials by 7.1% during the third quarter. Vontobel Holding Ltd. now owns 1,369,530 shares of the construction company’s stock worth $342,971,000 after purchasing an additional 91,318 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 43,294 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

NYSE VMC opened at $286.39 on Friday. The stock has a market capitalization of $37.82 billion, a price-to-earnings ratio of 45.17, a PEG ratio of 2.77 and a beta of 0.81. The business’s 50 day moving average is $264.56 and its two-hundred day moving average is $255.23. Vulcan Materials has a 12-month low of $209.60 and a 12-month high of $298.31. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42.

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

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 4th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is 29.02%.

Analysts Set New Price Targets

VMC has been the subject of a number of research analyst reports. Barclays upped their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. raised their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday. Truist Financial upped their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. 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 report on Thursday, August 8th. Finally, Citigroup reduced their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.92.

Vulcan Materials Company 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.