3,898 Shares in Vulcan Materials Company $VMC Bought by Inceptionr LLC

Inceptionr LLC purchased a new position in shares of Vulcan Materials Company (NYSE:VMC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,898 shares of the construction company’s stock, valued at approximately $1,112,000.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Vulcan Materials by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,293,316 shares of the construction company’s stock worth $397,795,000 after buying an additional 3,931 shares during the last quarter. ING Groep NV boosted its stake in Vulcan Materials by 67.3% in the third quarter. ING Groep NV now owns 29,081 shares of the construction company’s stock valued at $8,946,000 after acquiring an additional 11,699 shares in the last quarter. Swiss Life Asset Management Ltd boosted its stake in Vulcan Materials by 67.8% in the third quarter. Swiss Life Asset Management Ltd now owns 14,320 shares of the construction company’s stock valued at $4,405,000 after acquiring an additional 5,787 shares in the last quarter. Cibc World Market Inc. purchased a new position in shares of Vulcan Materials during the third quarter worth about $12,834,000. Finally, Interval Partners LP grew its holdings in shares of Vulcan Materials by 82.9% during the third quarter. Interval Partners LP now owns 152,645 shares of the construction company’s stock worth $46,957,000 after purchasing an additional 69,189 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

VMC has been the subject of several research reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. Zacks Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Raymond James Financial set a $325.00 price objective on Vulcan Materials in a research note on Thursday, April 30th. DA Davidson decreased their price objective on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Finally, Oppenheimer initiated coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating on the stock. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $326.92.

Vulcan Materials Stock Performance

NYSE VMC opened at $273.86 on Thursday. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week high of $331.09. The business’s 50-day moving average price is $282.34 and its 200 day moving average price is $290.10. The firm has a market cap of $35.54 billion, a P/E ratio of 32.56, a P/E/G ratio of 2.01 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, May 22nd. Vulcan Materials’s dividend payout ratio (DPR) is 24.73%.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.