Voleon Capital Management LP Has $1.94 Million Stake in Vulcan Materials Company $VMC

Key Points

• Voleon Capital Management LP increased its stake in Vulcan Materials Company by 93.9% during the first quarter, holding 8,333 shares valued at approximately $1.94 million.
• Analysts have varying price targets for Vulcan Materials, with Citigroup and JPMorgan boosting theirs to $321.00 and $330.00 respectively, while the overall rating remains predominantly "Buy."
• Vulcan Materials recently declared a quarterly dividend of $0.49, translating to an annual yield of 0.7%, with a payout ratio of 27.37%.

Voleon Capital Management LP raised its holdings in Vulcan Materials Company (NYSE:VMC - Free Report) by 93.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,333 shares of the construction company's stock after purchasing an additional 4,036 shares during the period. Voleon Capital Management LP's holdings in Vulcan Materials were worth $1,944,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of VMC. Opal Wealth Advisors LLC purchased a new position in shares of Vulcan Materials during the first quarter valued at approximately $27,000. Manchester Capital Management LLC lifted its stake in shares of Vulcan Materials by 26.9% during the first 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 during the period. Wayfinding Financial LLC purchased a new position in shares of Vulcan Materials during the first quarter valued at approximately $45,000. Fourth Dimension Wealth LLC purchased a new position in shares of Vulcan Materials during the fourth quarter valued at approximately $46,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Vulcan Materials during the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Performance

NYSE:VMC traded up $7.35 during midday trading on Thursday, reaching $301.78. The stock had a trading volume of 808,082 shares, compared to its average volume of 716,890. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $302.22. The firm's fifty day simple moving average is $281.42 and its 200-day simple moving average is $261.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The stock 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.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its 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). Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. 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 previous year, the business posted $2.35 earnings per share. The business's quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

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

Analyst Upgrades and Downgrades

VMC has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Morgan Stanley decreased their price target on shares of Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a report on Monday, July 28th. Royal Bank Of Canada reduced their target price on shares of Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Citigroup restated a "buy" rating and set a $321.00 price target (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Finally, Barclays boosted their price target on shares of Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two 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 stock. According to MarketBeat, the stock presently has a consensus 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.