Alyeska Investment Group L.P. Has $79.55 Million Stock Holdings in Vulcan Materials Company $VMC

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. boosted its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 53.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 340,978 shares of the construction company's stock after purchasing an additional 118,834 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.26% of Vulcan Materials worth $79,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of 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 during the period. JPMorgan Chase & Co. raised its position in Vulcan Materials by 5.6% in the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company's stock worth $1,625,583,000 after acquiring an additional 370,434 shares during the period. Principal Financial Group Inc. raised its stake in Vulcan Materials by 7.4% during the 1st quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company's stock valued at $1,518,291,000 after purchasing an additional 445,691 shares during the period. Stockbridge Partners LLC increased its holdings in Vulcan Materials by 11.3% in the 4th quarter. Stockbridge Partners LLC now owns 1,746,482 shares of the construction company's stock valued at $449,248,000 after acquiring an additional 177,918 shares during the last quarter. Finally, Alkeon Capital Management LLC raised its holdings in shares of Vulcan Materials by 4.4% during the 1st quarter. Alkeon Capital Management LLC now owns 1,338,346 shares of the construction company's stock worth $312,236,000 after acquiring an additional 56,345 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Trading Up 1.2%

NYSE:VMC traded up $3.44 on Monday, hitting $298.25. 264,271 shares of the stock were exchanged, compared to its average volume of 1,032,084. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $299.05. The stock has a market cap of $39.40 billion, a PE ratio of 41.62, a PEG ratio of 2.41 and a beta of 0.86. The stock has a fifty day moving average of $278.81 and a 200-day moving average of $260.60.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 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 analysts' expectations of $2.23 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.35 EPS. As a group, equities analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports 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. 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. Citigroup reaffirmed a "buy" rating and set a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Morgan Stanley decreased their target price on 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. Finally, Royal Bank Of Canada cut their target price on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $308.36.

Vulcan Materials Company 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.