Townsquare Capital LLC Has $1.95 Million Stock Holdings in Vulcan Materials Company (NYSE:VMC)

Key Points

• Townsquare Capital LLC increased its stake in Vulcan Materials Company by 12.2%, owning 8,351 shares valued at approximately $1.95 million at the end of the latest quarter.
• Vulcan Materials reported earnings of $2.45 per share for the last quarter, missing estimates, with revenue of $2.10 billion, compared to the expected $2.23 billion.
• The company announced a quarterly dividend of $0.49 per share, with an annualized yield of 0.7% and a payout ratio of 27.37%.

Townsquare Capital LLC boosted its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 12.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,351 shares of the construction company's stock after buying an additional 907 shares during the period. Townsquare Capital LLC's holdings in Vulcan Materials were worth $1,948,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

VMC has been the subject of a number of recent analyst reports. UBS Group upgraded shares of Vulcan Materials from a "neutral" rating to a "buy" rating and increased their target price for the company from $280.00 to $318.00 in a research report on Friday, May 16th. Barclays raised their price objective on shares of Vulcan Materials from $285.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Raymond James Financial reduced their price objective on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Stephens set a $315.00 price objective on shares of Vulcan Materials and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Citigroup restated a "buy" rating and set a $321.00 price objective (up previously from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Vulcan Materials currently has an average rating of "Moderate Buy" and a consensus target price of $304.27.

Vulcan Materials Stock Down 0.6%

Shares of NYSE VMC traded down $1.88 during mid-day trading on Thursday, reaching $293.76. The company had a trading volume of 936,266 shares, compared to its average volume of 1,029,238. The stock has a fifty day moving average of $268.64 and a two-hundred day moving average of $258.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The company has a market capitalization of $38.81 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 2.42 and a beta of 0.83. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted 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 analysts' expectations of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%. Vulcan Materials's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $2.35 earnings per share. As a group, equities research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 14th. Vulcan Materials's dividend payout ratio (DPR) is presently 27.37%.

About Vulcan Materials

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.