Third View Private Wealth LLC Acquires Shares of 20,714 Vulcan Materials Company $VMC

Key Points

• Third View Private Wealth LLC acquired 20,714 shares of Vulcan Materials (NYSE:VMC) in Q4, a new stake valued at about $5.91 million that represents roughly 0.8% of its portfolio and is its 26th-largest holding.
• Vulcan Materials missed fourth-quarter estimates, reporting $1.70 EPS versus $2.11 expected and $1.91 billion in revenue versus $1.95 billion expected, although revenue was up 3.2% year-over-year.
• Analysts' consensus is a Moderate Buy with an average target price of $324.85, and institutional investors own about 90.39% of the stock.

Third View Private Wealth LLC acquired a new stake in Vulcan Materials Company (NYSE:VMC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,714 shares of the construction company's stock, valued at approximately $5,908,000. Vulcan Materials accounts for approximately 0.8% of Third View Private Wealth LLC's investment portfolio, making the stock its 26th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Vulcan Materials by 5.8% in the third quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company's stock valued at $2,345,703,000 after purchasing an additional 414,828 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Vulcan Materials by 104.3% during the third quarter. Commonwealth Equity Services LLC now owns 72,113 shares of the construction company's stock valued at $22,183,000 after acquiring an additional 36,823 shares in the last quarter. EFG Asset Management North America Corp. acquired a new stake in shares of Vulcan Materials during the third quarter valued at about $1,232,000. Dimensional Fund Advisors LP grew its stake in shares of Vulcan Materials by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,293,316 shares of the construction company's stock valued at $397,795,000 after acquiring an additional 3,931 shares in the last quarter. Finally, Swiss Life Asset Management Ltd grew its stake in shares of Vulcan Materials by 67.8% during the third quarter. Swiss Life Asset Management Ltd now owns 14,320 shares of the construction company's stock valued at $4,405,000 after acquiring an additional 5,787 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VMC has been the subject of several recent analyst reports. B. Riley Financial initiated coverage on Vulcan Materials in a research note on Thursday, January 15th. They set a "buy" rating and a $345.00 target price for the company. Royal Bank Of Canada lowered their target price on Vulcan Materials from $316.00 to $296.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 18th. Citigroup raised their target price on Vulcan Materials from $345.00 to $365.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. DA Davidson lowered their target price on Vulcan Materials from $330.00 to $320.00 and set a "neutral" rating for the company in a research note on Wednesday, February 18th. Finally, Truist Financial raised their target price on Vulcan Materials from $320.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Vulcan Materials presently has an average rating of "Moderate Buy" and an average target price of $324.85.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $297.40 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average of $290.59 and a two-hundred day moving average of $293.80. Vulcan Materials Company has a 52 week low of $231.76 and a 52 week high of $331.09. The company has a market cap of $38.80 billion, a P/E ratio of 36.63, a PEG ratio of 2.07 and a beta of 1.10.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Tuesday, February 17th. The construction company reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $2.11 by ($0.41). Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the firm earned $2.17 earnings per share. The business's revenue was up 3.2% on a year-over-year basis. As a group, analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were paid a $0.52 dividend. The ex-dividend date was Monday, March 9th. This is an increase from Vulcan Materials's previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials's payout ratio is presently 25.62%.

Insider Buying and Selling

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,137 shares of Vulcan Materials stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $303.72, for a total value of $345,329.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by insiders.

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.

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