Quantbot Technologies LP Makes New $1.73 Million Investment in Vulcan Materials Company $VMC

Key Points

• Quantbot Technologies LP acquired 7,397 shares of Vulcan Materials Company, valued at approximately $1.726 million, during the first quarter of the year.
• Analysts have set a consensus rating of "Buy" on Vulcan Materials with an average price target of $304.27, reflecting varying ratings from multiple institutions.
• Vulcan Materials announced a quarterly dividend of $0.49 per share, with a payout ratio of 27.37% and an annual yield of 0.7% for investors.

Quantbot Technologies LP acquired a new position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,397 shares of the construction company's stock, valued at approximately $1,726,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of VMC. Opal Wealth Advisors LLC acquired a new stake in Vulcan Materials during the 1st quarter worth about $27,000. Kapitalo Investimentos Ltda acquired a new stake in Vulcan Materials during the 4th quarter worth about $35,000. Manchester Capital Management LLC raised its holdings in Vulcan Materials by 26.9% during the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock worth $43,000 after buying an additional 39 shares during the period. Wayfinding Financial LLC acquired a new stake in Vulcan Materials during the 1st quarter worth about $45,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Vulcan Materials in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on VMC shares. Stephens set a $315.00 target price on Vulcan Materials and gave the company an "overweight" rating in a report on Thursday, May 1st. Barclays upped their target price on Vulcan Materials from $285.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, August 1st. UBS Group upgraded Vulcan Materials from a "neutral" rating to a "buy" rating and upped their target price for the company from $280.00 to $318.00 in a report on Friday, May 16th. Raymond James Financial dropped their target price on Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Finally, Citigroup reiterated a "buy" rating and issued a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Vulcan Materials presently has an average rating of "Buy" and an average price target of $304.27.

Vulcan Materials Stock Up 1.4%

NYSE:VMC traded up $4.0170 during mid-day trading on Friday, reaching $292.2970. The stock had a trading volume of 529,856 shares, compared to its average volume of 1,043,043. The business's 50 day moving average is $272.36 and its 200 day moving average is $259.08. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $298.31. The stock has a market cap of $38.62 billion, a P/E ratio of 40.82, a PEG ratio of 2.39 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing analysts' consensus estimates of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the company posted $2.35 EPS. The company's quarterly revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be issued a $0.49 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials's dividend payout ratio is currently 27.37%.

Vulcan Materials Company 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.