Park Presidio Capital LLC Makes New Investment in Vulcan Materials Company $VMC

Park Presidio Capital LLC acquired a new position in shares of Vulcan Materials Company (NYSE:VMC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 558,032 shares of the construction company’s stock, valued at approximately $164,625,000. Vulcan Materials accounts for about 9.3% of Park Presidio Capital LLC’s holdings, making the stock its 3rd largest holding. Park Presidio Capital LLC owned about 0.43% of Vulcan Materials at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VMC. Chesapeake Capital Corp IL boosted its position in Vulcan Materials by 0.9% during the 4th quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock worth $1,059,000 after acquiring an additional 33 shares during the last quarter. Composition Wealth LLC grew its stake in shares of Vulcan Materials by 3.5% during the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after acquiring an additional 34 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Vulcan Materials by 0.3% in the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock valued at $3,802,000 after purchasing an additional 38 shares during the last quarter. United Capital Financial Advisors LLC raised its holdings in shares of Vulcan Materials by 1.2% in the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock valued at $952,000 after purchasing an additional 38 shares during the last quarter. Finally, 4WEALTH Advisors Inc. raised its holdings in shares of Vulcan Materials by 3.2% in the first quarter. 4WEALTH Advisors Inc. now owns 1,261 shares of the construction company’s stock valued at $337,000 after purchasing an additional 39 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Performance

Shares of VMC opened at $275.87 on Tuesday. The company has a market cap of $35.75 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 1.99 and a beta of 1.06. The firm has a 50-day moving average of $288.85 and a 200-day moving average of $287.23. Vulcan Materials Company has a one year low of $252.35 and a one year high of $331.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the firm earned $2.42 EPS. Vulcan Materials’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Vulcan Materials Company will post 9.29 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 2nd. Shareholders of record on Thursday, August 13th will be paid a $0.52 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.08 annualized dividend and a yield of 0.8%. Vulcan Materials’s dividend payout ratio is currently 24.56%.

Insider Activity

In other news, SVP David P. Clement sold 2,000 shares of Vulcan Materials stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $285.10, for a total transaction of $570,200.00. Following the completion of the transaction, the senior vice president directly owned 6,716 shares in the company, valued at approximately $1,914,731.60. The trade was a 22.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.65% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on VMC. Weiss Ratings restated a “buy (b-)” rating on shares of Vulcan Materials in a report on Tuesday, July 7th. Berenberg Bank set a $283.00 price target on shares of Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Stephens boosted their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. UBS Group reduced their price objective on shares of Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Finally, Raymond James Financial restated an “outperform” rating on shares of Vulcan Materials in a report on Wednesday, July 15th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $327.93.

About Vulcan Materials

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.