SCS Capital Management LLC Invests $15.72 Million in Vulcan Materials Company $VMC

Key Points

• SCS Capital Management LLC has invested approximately $15.72 million by acquiring 67,363 shares of Vulcan Materials Company, increasing its stake to about 0.05% of the company.
• Several institutional investors, including Opal Wealth Advisors LLC and Manchester Capital Management LLC, have also recently modified their stakes in Vulcan Materials, which is now 90.39% owned by institutional investors.
• Vulcan Materials announced a quarterly dividend of $0.49 per share, contributing to an annualized yield of 0.7%, with a payout ratio of 27.37%.

SCS Capital Management LLC bought a new stake in Vulcan Materials Company (NYSE:VMC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 67,363 shares of the construction company's stock, valued at approximately $15,716,000. SCS Capital Management LLC owned about 0.05% of Vulcan Materials at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Manchester Capital Management LLC boosted its stake in Vulcan Materials by 26.9% in the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock worth $43,000 after purchasing an additional 39 shares in the last quarter. DRW Securities LLC lifted its holdings in shares of Vulcan Materials by 2.6% during the first quarter. DRW Securities LLC now owns 1,748 shares of the construction company's stock worth $408,000 after purchasing an additional 45 shares during the period. Alpha Omega Wealth Management LLC boosted its position in Vulcan Materials by 1.1% in the first quarter. Alpha Omega Wealth Management LLC now owns 4,336 shares of the construction company's stock valued at $1,012,000 after buying an additional 46 shares during the last quarter. Wellington Management Group LLP raised its position in Vulcan Materials by 5.6% during the 4th quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock worth $249,000 after buying an additional 51 shares during the last quarter. Finally, Marks Group Wealth Management Inc boosted its holdings in shares of Vulcan Materials by 2.7% in the 1st quarter. Marks Group Wealth Management Inc now owns 2,203 shares of the construction company's stock valued at $514,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock traded up $7.35 on Thursday, reaching $301.78. The company's stock had a trading volume of 808,082 shares, compared to its average volume of 716,890. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $39.87 billion, a P/E ratio of 42.15, a PEG ratio of 2.41 and a beta of 0.86. The stock has a 50-day moving average price of $281.42 and a 200-day moving average price of $261.72. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $302.22.

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

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were given a $0.49 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.96 annualized dividend and a dividend yield of 0.6%. Vulcan Materials's dividend payout ratio (DPR) is 27.37%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Citigroup reissued a "buy" rating and issued a $321.00 price target (up from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Morgan Stanley dropped their price objective on shares of Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Monday, July 28th. Barclays lifted their target price on shares of Vulcan Materials from $285.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada lowered their price target on shares of Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Vulcan Materials currently has an average rating of "Buy" and an average target price of $308.36.

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.