Vulcan Materials (NYSE:VMC) is Interval Partners LP's 2nd Largest Position

Interval Partners LP grew its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 45.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 586,272 shares of the construction company's stock after purchasing an additional 182,078 shares during the period. Vulcan Materials makes up about 3.0% of Interval Partners LP's investment portfolio, making the stock its 2nd largest position. Interval Partners LP owned approximately 0.44% of Vulcan Materials worth $150,807,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in VMC. Geneos Wealth Management Inc. grew its holdings in shares of Vulcan Materials by 16.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company's stock valued at $65,000 after purchasing an additional 36 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Vulcan Materials by 2.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company's stock worth $461,000 after buying an additional 44 shares during the last quarter. Howard Capital Management Inc. increased its holdings in shares of Vulcan Materials by 5.2% during the fourth quarter. Howard Capital Management Inc. now owns 906 shares of the construction company's stock worth $233,000 after buying an additional 45 shares in the last quarter. Washington Trust Advisors Inc. lifted its stake in shares of Vulcan Materials by 30.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock valued at $54,000 after acquiring an additional 48 shares during the last quarter. Finally, Sound View Wealth Advisors Group LLC boosted its holdings in shares of Vulcan Materials by 4.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company's stock valued at $301,000 after acquiring an additional 48 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VMC shares. Wolfe Research raised Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. Seaport Res Ptn raised Vulcan Materials to a "strong-buy" rating in a research note on Friday, March 21st. Royal Bank of Canada raised their price objective on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a report on Wednesday, February 19th. UBS Group lowered shares of Vulcan Materials from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $343.00 to $258.00 in a report on Monday, April 7th. Finally, Loop Capital decreased their price target on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Vulcan Materials presently has an average rating of "Moderate Buy" and a consensus target price of $297.45.

Vulcan Materials Stock Down 0.8%

VMC traded down $2.03 during midday trading on Wednesday, hitting $266.56. The company had a trading volume of 1,065,591 shares, compared to its average volume of 944,745. The stock's 50 day moving average price is $243.72 and its 200 day moving average price is $260.41. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $298.31. The company has a market capitalization of $35.21 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 2.03 and a beta of 0.84. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.20. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. On average, research analysts anticipate that Vulcan Materials 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 will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, May 23rd. Vulcan Materials's dividend payout ratio (DPR) is presently 27.80%.

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.