Caxton Associates LLP Purchases New Holdings in Vulcan Materials Company $VMC

Caxton Associates LLP acquired a new position in Vulcan Materials Company (NYSE:VMC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,197 shares of the construction company’s stock, valued at approximately $871,000.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VMC shares. UBS Group reduced their target price on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Stephens boosted their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Vulcan Materials in a report on Tuesday, July 7th. Raymond James Financial reaffirmed an “outperform” rating on shares of Vulcan Materials in a research note on Wednesday, July 15th. Finally, Barclays lifted their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Eight 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $327.79.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the sale, the senior vice president owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.65% of the company’s stock.

Vulcan Materials Price Performance

VMC opened at $280.20 on Monday. The company has a market capitalization of $36.36 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 2.01 and a beta of 1.05. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09. The business’s fifty day simple moving average is $286.78 and its 200-day simple moving average is $290.55.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the company posted $1.00 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts anticipate that Vulcan Materials Company will post 9.3 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be issued a $0.52 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is currently 24.73%.

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.