Vulcan Materials (NYSE:VMC) Shares Acquired by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC lifted its stake in shares of Vulcan Materials (NYSE:VMCGet Rating) by 63.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,093 shares of the construction company’s stock after acquiring an additional 5,106 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Vulcan Materials were worth $1,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of VMC. Achmea Investment Management B.V. purchased a new stake in Vulcan Materials during the 1st quarter worth about $29,000. CoreCap Advisors LLC purchased a new stake in shares of Vulcan Materials during the second quarter worth approximately $26,000. Fieldpoint Private Securities LLC increased its stake in shares of Vulcan Materials by 4,700.0% during the second quarter. Fieldpoint Private Securities LLC now owns 240 shares of the construction company’s stock worth $34,000 after buying an additional 235 shares during the period. Standard Family Office LLC acquired a new stake in Vulcan Materials in the first quarter valued at approximately $48,000. Finally, Clear Street Markets LLC lifted its stake in Vulcan Materials by 416.7% in the second quarter. Clear Street Markets LLC now owns 279 shares of the construction company’s stock worth $40,000 after acquiring an additional 225 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $182.28 on Thursday. The stock has a market cap of $24.23 billion, a P/E ratio of 40.96, a P/E/G ratio of 2.58 and a beta of 0.77. Vulcan Materials has a twelve month low of $137.54 and a twelve month high of $213.65. The stock has a 50 day moving average of $163.33 and a two-hundred day moving average of $161.55. The company has a current ratio of 1.71, a quick ratio of 1.31 and a debt-to-equity ratio of 0.56.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Tuesday, November 15th will be given a $0.40 dividend. The ex-dividend date is Monday, November 14th. This represents a $1.60 annualized dividend and a yield of 0.88%. Vulcan Materials’s dividend payout ratio (DPR) is 35.96%.

Analyst Upgrades and Downgrades

VMC has been the topic of a number of analyst reports. StockNews.com started coverage on shares of Vulcan Materials in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Citigroup cut their price target on Vulcan Materials from $199.00 to $189.00 and set a “buy” rating on the stock in a research note on Monday, October 10th. JPMorgan Chase & Co. upped their price objective on Vulcan Materials from $170.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, September 22nd. Vertical Research raised Vulcan Materials from a “hold” rating to a “buy” rating in a research report on Monday, September 12th. Finally, Morgan Stanley upped their price target on Vulcan Materials from $175.00 to $181.00 and gave the company an “equal weight” rating in a report on Thursday, November 3rd. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $202.00.

Vulcan Materials Profile

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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 Aggregates segment 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.

See Also

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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