Point72 Hong Kong Ltd Makes New $1.29 Million Investment in Vulcan Materials (NYSE:VMC)

Point72 Hong Kong Ltd purchased a new stake in shares of Vulcan Materials (NYSE:VMC - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 5,164 shares of the construction company's stock, valued at approximately $1,293,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VMC. United Asset Strategies Inc. boosted its position in Vulcan Materials by 1.1% during the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company's stock worth $938,000 after buying an additional 39 shares during the period. Sequoia Financial Advisors LLC increased its position in Vulcan Materials by 2.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company's stock valued at $498,000 after purchasing an additional 44 shares during the period. Marcum Wealth LLC raised its stake in Vulcan Materials by 5.7% during the third quarter. Marcum Wealth LLC now owns 854 shares of the construction company's stock worth $214,000 after buying an additional 46 shares during the last quarter. UMB Bank n.a. raised its position in shares of Vulcan Materials by 61.8% in the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company's stock worth $31,000 after acquiring an additional 47 shares in the last quarter. Finally, Golden State Equity Partners lifted its stake in Vulcan Materials by 4.5% in the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company's stock valued at $275,000 after buying an additional 47 shares during the period. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Down 0.3 %

Shares of VMC stock traded down $0.99 on Monday, hitting $287.14. The stock had a trading volume of 166,460 shares, compared to its average volume of 832,423. Vulcan Materials has a one year low of $210.85 and a one year high of $298.31. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The company has a market cap of $37.92 billion, a PE ratio of 45.45, a P/E/G ratio of 2.79 and a beta of 0.81. The business has a 50 day moving average price of $265.28 and a 200 day moving average price of $255.16.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts' consensus estimates of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the business posted $2.29 earnings per share. The firm's quarterly revenue was down 8.3% on a year-over-year basis. Research analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 4th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials's dividend payout ratio (DPR) is presently 29.02%.

Analysts Set New Price Targets

VMC has been the subject of several recent research reports. Stephens decreased their price objective on Vulcan Materials from $300.00 to $280.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. Royal Bank of Canada decreased their price target on Vulcan Materials from $267.00 to $257.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 7th. Barclays boosted their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. Finally, StockNews.com upgraded Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $283.92.

About Vulcan Materials

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.