Interval Partners LP Has $74.61 Million Stake in Vulcan Materials (NYSE:VMC)

Interval Partners LP lessened its stake in shares of Vulcan Materials (NYSE:VMC) by 48.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,372 shares of the construction company’s stock after selling 254,997 shares during the period. Vulcan Materials makes up about 2.1% of Interval Partners LP’s investment portfolio, making the stock its 5th largest holding. Interval Partners LP owned 0.21% of Vulcan Materials worth $74,609,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Register Financial Advisors LLC bought a new stake in shares of Vulcan Materials in the 1st quarter worth $27,000. Opal Wealth Advisors LLC bought a new stake in shares of Vulcan Materials in the 1st quarter worth $33,000. YHB Investment Advisors Inc. bought a new stake in shares of Vulcan Materials in the 1st quarter worth $34,000. Concord Wealth Partners bought a new stake in shares of Vulcan Materials in the 1st quarter worth $34,000. Finally, Manchester Capital Management LLC increased its holdings in shares of Vulcan Materials by 1,218.2% in the 1st quarter. Manchester Capital Management LLC now owns 145 shares of the construction company’s stock worth $40,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

NYSE VMC traded up $5.47 on Tuesday, hitting $270.00. 1,186,770 shares of the company traded hands, compared to its average volume of 767,908. The company has a market capitalization of $35.71 billion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 2.18 and a beta of 0.82. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average price is $252.12 and its 200-day moving average price is $254.16. Vulcan Materials has a 52-week low of $190.51 and a 52-week high of $276.58.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.11). Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Vulcan Materials’s revenue was down 6.2% on a year-over-year basis. Equities analysts expect that Vulcan Materials will post 8.32 earnings per share for the current year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.84 annualized dividend and a dividend yield of 0.68%. Vulcan Materials’s payout ratio is 26.86%.

Insider Activity

In other news, President Thompson S. Baker II sold 6,610 shares of Vulcan Materials stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $272.64, for a total value of $1,802,150.40. Following the sale, the president now directly owns 4,784 shares of the company’s stock, valued at $1,304,309.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Thompson S. Baker II sold 6,610 shares of Vulcan Materials stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $272.64, for a total value of $1,802,150.40. Following the sale, the president now directly owns 4,784 shares of the company’s stock, valued at $1,304,309.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thompson S. Baker II sold 8,600 shares of Vulcan Materials stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $272.95, for a total value of $2,347,370.00. Following the completion of the sale, the president now directly owns 1,300 shares in the company, valued at $354,835. The disclosure for this sale can be found here. Insiders have sold 17,210 shares of company stock worth $4,653,520 over the last ninety days. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

VMC has been the subject of a number of research analyst reports. Stephens lifted their target price on Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Loop Capital dropped their price target on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Jefferies Financial Group raised their price target on Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Royal Bank of Canada raised their price target on Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. Finally, Truist Financial raised their price target on Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $277.08.

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.