Arrowstreet Capital Limited Partnership Buys 52,607 Shares of Vulcan Materials Company $VMC

Arrowstreet Capital Limited Partnership grew its stake in Vulcan Materials Company (NYSE:VMC) by 7.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 770,016 shares of the construction company’s stock after buying an additional 52,607 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Vulcan Materials were worth $209,675,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Chesapeake Capital Corp IL lifted its holdings in shares of Vulcan Materials by 0.9% during the 4th quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock worth $1,059,000 after acquiring an additional 33 shares during the last quarter. Composition Wealth LLC boosted its holdings in shares of Vulcan Materials by 3.5% in the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after purchasing an additional 34 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of Vulcan Materials by 5.5% during the 4th quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock valued at $206,000 after purchasing an additional 38 shares during the last quarter. Truist Financial Corp increased its position in shares of Vulcan Materials by 0.3% during the 4th quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock valued at $3,802,000 after purchasing an additional 38 shares during the last quarter. Finally, United Capital Financial Advisors LLC raised its holdings in shares of Vulcan Materials by 1.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock valued at $952,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In other news, SVP David P. Clement sold 2,212 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the sale, the senior vice president owned 8,716 shares in the company, valued at approximately $2,547,599.64. The trade was a 20.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.65% of the company’s stock.

Vulcan Materials Stock Up 1.9%

VMC stock opened at $280.20 on Friday. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09. The company has a market capitalization of $36.36 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 1.98 and a beta of 1.05. The business’s 50 day moving average price is $286.78 and its two-hundred day moving average price is $290.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business posted $1.00 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts forecast that Vulcan Materials Company will post 9.3 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.08 annualized dividend and a yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is currently 24.73%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VMC shares. Barclays boosted their target price on Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Wells Fargo & Company lowered their price objective on shares of Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Stifel Nicolaus set a $333.00 price objective on shares of Vulcan Materials in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a report on Tuesday, July 7th. Finally, Royal Bank Of Canada decreased their target price on shares of Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 30th. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $327.79.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.