Entropy Technologies LP Purchases Shares of 7,832 Vulcan Materials Company $VMC

Entropy Technologies LP purchased a new stake in shares of Vulcan Materials Company (NYSE:VMC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,832 shares of the construction company’s stock, valued at approximately $2,133,000.

A number of other hedge funds also recently made changes to their positions in VMC. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Vulcan Materials by 59.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,302 shares of the construction company’s stock worth $2,261,000 after buying an additional 3,079 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Vulcan Materials in the 1st quarter valued at approximately $46,456,000. Arrowstreet Capital Limited Partnership raised its stake in Vulcan Materials by 7.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 770,016 shares of the construction company’s stock valued at $209,675,000 after acquiring an additional 52,607 shares in the last quarter. Caxton Associates LLP bought a new stake in Vulcan Materials during the 1st quarter valued at $871,000. Finally, Cloverfields Capital Group LP acquired a new position in Vulcan Materials during the 1st quarter worth $5,087,000. Institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

VMC has been the subject of several recent analyst reports. Oppenheimer began coverage on Vulcan Materials in a research note on Thursday, May 28th. They issued a “market perform” rating for the company. Raymond James Financial restated an “outperform” rating on shares of Vulcan Materials in a research note on Wednesday, July 15th. Citigroup reduced their price objective on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a report on Friday, May 1st. Morgan Stanley decreased their target price on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Finally, Wells Fargo & Company lowered their target price on shares of Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus price target of $327.79.

Vulcan Materials Stock Up 0.2%

Shares of VMC stock opened at $280.20 on Monday. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. The business’s fifty day moving average is $286.78 and its 200-day moving average is $290.55. The stock has a market cap of $36.36 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last announced its earnings results 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 business 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 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts expect 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. Shareholders of record on Thursday, August 13th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s dividend payout ratio is presently 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.