Vulcan Materials Company $VMC Stock Holdings Increased by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. increased its holdings in Vulcan Materials Company by 53.5%, now owning approximately 340,978 shares valued at $79.55 million.
• The company reported earnings per share (EPS) of $2.45 for the last quarter, falling short of analysts' expectations of $2.65, with a revenue of $2.10 billion.
• Vulcan Materials declared a quarterly dividend of $0.49 per share, marking a payout ratio of 27.37% with a dividend yield of 0.7%.

Alyeska Investment Group L.P. lifted its position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 53.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 340,978 shares of the construction company's stock after buying an additional 118,834 shares during the period. Alyeska Investment Group L.P. owned approximately 0.26% of Vulcan Materials worth $79,550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in Vulcan Materials by 7.4% during the first quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company's stock worth $1,518,291,000 after acquiring an additional 445,691 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Vulcan Materials by 29,580.1% during the 1st quarter. GAMMA Investing LLC now owns 398,010 shares of the construction company's stock worth $92,856,000 after purchasing an additional 396,669 shares during the period. JPMorgan Chase & Co. increased its position in Vulcan Materials by 5.6% during the 1st quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company's stock worth $1,625,583,000 after purchasing an additional 370,434 shares in the last quarter. Nuveen LLC purchased a new position in Vulcan Materials in the first quarter valued at approximately $82,659,000. Finally, Vanguard Group Inc. lifted its position in Vulcan Materials by 2.1% during the first quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company's stock valued at $3,896,031,000 after buying an additional 347,155 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Ratings Changes

VMC has been the subject of several recent research reports. Citigroup reissued a "buy" rating and issued a $321.00 price objective (up previously from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Royal Bank Of Canada decreased their price target on shares of Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Morgan Stanley cut their price objective on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Monday, July 28th. UBS Group upgraded Vulcan Materials from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $280.00 to $318.00 in a research note on Friday, May 16th. Finally, Barclays increased their target price on Vulcan Materials from $285.00 to $305.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two equities 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $308.36.

Vulcan Materials Stock Up 0.8%

VMC traded up $2.31 on Friday, reaching $294.64. The company's stock had a trading volume of 585,178 shares, compared to its average volume of 780,035. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $298.31. The business's 50 day moving average is $278.81 and its 200 day moving average is $260.61. 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 cap of $38.93 billion, a price-to-earnings ratio of 41.15, a price-to-earnings-growth ratio of 2.39 and a beta of 0.86.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced 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). The business 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%. The business's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.35 earnings per share. As a group, research analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, August 14th. Vulcan Materials's dividend payout ratio is 27.37%.

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.