6,410 Shares in Vulcan Materials (NYSE:VMC) Purchased by Aigen Investment Management LP

Aigen Investment Management LP acquired a new position in Vulcan Materials (NYSE:VMC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,410 shares of the construction company's stock, valued at approximately $1,605,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SouthState Corp lifted its holdings in shares of Vulcan Materials by 669.2% during the 2nd quarter. SouthState Corp now owns 100 shares of the construction company's stock valued at $25,000 after purchasing an additional 87 shares during the last quarter. Kings Path Partners LLC acquired a new stake in shares of Vulcan Materials during the 2nd quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Vulcan Materials during the 3rd quarter valued at about $30,000. UMB Bank n.a. boosted its holdings in 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 buying an additional 47 shares during the last quarter. Finally, Concord Wealth Partners acquired a new stake in Vulcan Materials in the 3rd quarter worth about $35,000. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Performance

NYSE:VMC traded down $3.66 during midday trading on Tuesday, reaching $288.38. The stock had a trading volume of 783,328 shares, compared to its average volume of 845,588. Vulcan Materials has a 1-year low of $209.39 and a 1-year high of $298.31. The firm's fifty day simple moving average is $252.67 and its 200-day simple moving average is $253.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The stock has a market capitalization of $38.08 billion, a P/E ratio of 46.06, a PEG ratio of 2.81 and a beta of 0.81.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued 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). The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. Vulcan Materials's revenue for the quarter was down 8.3% on a year-over-year basis. During the same period last year, the company earned $2.29 earnings per share. On average, equities research analysts forecast that Vulcan Materials will post 7.2 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Monday, November 4th. Vulcan Materials's dividend payout ratio (DPR) is currently 29.02%.

Analyst Upgrades and Downgrades

VMC has been the topic of several recent research reports. Barclays boosted their target price on Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. StockNews.com raised Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Truist Financial boosted their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, November 1st. UBS Group assumed coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They issued a "buy" rating and a $349.00 price target for the company. Finally, Citigroup lowered their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $280.46.

Vulcan Materials 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.