6,800 Shares in Vulcan Materials Company $VMC Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new position in Vulcan Materials Company (NYSE:VMC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,800 shares of the construction company’s stock, valued at approximately $1,774,000.

A number of other hedge funds have also made changes to their positions in the company. ORG Partners LLC boosted its stake in shares of Vulcan Materials by 86.3% in the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after acquiring an additional 44 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Vulcan Materials in the 2nd quarter valued at $32,000. Concord Wealth Partners purchased a new position in Vulcan Materials in the 2nd quarter valued at $33,000. Steph & Co. acquired a new stake in Vulcan Materials during the 2nd quarter worth $55,000. Finally, Clearstead Trust LLC grew its holdings in shares of Vulcan Materials by 71.7% during the second quarter. Clearstead Trust LLC now owns 218 shares of the construction company’s stock worth $57,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Price Performance

NYSE:VMC opened at $291.19 on Wednesday. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $311.74. The stock’s fifty day moving average is $293.73 and its two-hundred day moving average is $283.41. The company has a market capitalization of $38.48 billion, a P/E ratio of 34.58, a P/E/G ratio of 2.42 and a beta of 1.06. The company has a quick ratio of 1.56, a current ratio of 2.23 and a debt-to-equity ratio of 0.50.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Vulcan Materials had a return on equity of 13.47% and a net margin of 14.19%.The company’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.22 EPS. Equities analysts expect that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th were given a dividend of $0.49 per share. The ex-dividend date was Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is currently 23.28%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VMC. Raymond James Financial upped their price objective on shares of Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. DA Davidson increased their price target on Vulcan Materials from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. boosted their price objective on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Stifel Nicolaus set a $327.00 target price on Vulcan Materials in a report on Monday, November 3rd. Finally, Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $317.58.

Insider Buying and Selling

In other news, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total value of $577,100.00. Following the sale, the senior vice president directly owned 832 shares of the company’s stock, valued at approximately $240,073.60. The trade was a 70.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thompson S. Baker II sold 4,853 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $295.63, for a total transaction of $1,434,692.39. Following the completion of the transaction, the president owned 41,485 shares in the company, valued at approximately $12,264,210.55. This represents a 10.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,369 shares of company stock worth $3,920,556 over the last three months. Insiders own 0.61% of the company’s stock.

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.