558,032 Shares in Vulcan Materials Company $VMC Purchased by Park Presidio Capital LLC

Park Presidio Capital LLC purchased a new stake in Vulcan Materials Company (NYSE:VMC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 558,032 shares of the construction company’s stock, valued at approximately $164,625,000. Vulcan Materials accounts for about 9.3% of Park Presidio Capital LLC’s portfolio, making the stock its 3rd biggest position.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in shares of Vulcan Materials during the second quarter worth approximately $63,000. Stockbridge Partners LLC bought a new position in shares of Vulcan Materials during the second quarter worth approximately $314,470,000. Group One Trading LLC acquired a new stake in Vulcan Materials during the 2nd quarter worth approximately $82,000. L2 Asset Management LLC acquired a new stake in Vulcan Materials during the 2nd quarter worth approximately $219,000. Finally, Partners Capital Investment Group LLP bought a new stake in Vulcan Materials in the 2nd quarter valued at $3,228,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Down 0.1%

VMC stock opened at $275.87 on Tuesday. The company has a market cap of $35.75 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 1.99 and a beta of 1.06. The business has a 50-day simple moving average of $288.85 and a 200 day simple moving average of $287.23. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. Vulcan Materials’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.42 earnings per share. Sell-side analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company 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 dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s dividend payout ratio is 24.56%.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 2,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the sale, the senior vice president owned 6,716 shares in the company, valued at approximately $1,914,731.60. This trade represents a 22.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VMC. Berenberg Bank set a $283.00 price objective on Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada raised their price target on shares of Vulcan Materials from $293.00 to $300.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Wall Street Zen cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Citigroup decreased their target price on shares of Vulcan Materials from $355.00 to $350.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, UBS Group dropped their price target on shares of Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Eight 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $327.93.

Vulcan Materials 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.