Partners Capital Investment Group LLP Sells 22,570 Shares of Vulcan Materials (NYSE:VMC)

Partners Capital Investment Group LLP lessened its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 54.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,565 shares of the construction company's stock after selling 22,570 shares during the quarter. Partners Capital Investment Group LLP's holdings in Vulcan Materials were worth $4,775,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in VMC. Principal Financial Group Inc. boosted its stake in shares of Vulcan Materials by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock worth $1,332,431,000 after acquiring an additional 884,580 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Vulcan Materials by 18.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company's stock worth $533,551,000 after acquiring an additional 330,433 shares in the last quarter. Ceredex Value Advisors LLC boosted its stake in Vulcan Materials by 136.3% during the 3rd quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company's stock valued at $89,117,000 after purchasing an additional 205,260 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Vulcan Materials by 32.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company's stock valued at $184,353,000 after purchasing an additional 178,634 shares during the period. Finally, Artemis Investment Management LLP boosted its stake in Vulcan Materials by 67.9% during the 4th quarter. Artemis Investment Management LLP now owns 402,106 shares of the construction company's stock valued at $103,434,000 after purchasing an additional 162,567 shares during the period. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Vulcan Materials from $245.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. Raymond James decreased their target price on Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating for the company in a research note on Thursday, January 16th. Barclays increased their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Truist Financial increased their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, Stephens restated an "overweight" rating and set a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, January 2nd. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $303.82.

Vulcan Materials Stock Performance

Shares of VMC stock traded down $6.33 during mid-day trading on Thursday, reaching $258.64. The stock had a trading volume of 708,821 shares, compared to its average volume of 737,634. The firm's 50 day simple moving average is $267.05 and its 200 day simple moving average is $261.46. 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 firm has a market cap of $34.16 billion, a PE ratio of 37.76, a P/E/G ratio of 2.11 and a beta of 0.84. Vulcan Materials has a one year low of $225.36 and a one year high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.41. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 13.01%. During the same period in the previous year, the business earned $1.46 earnings per share. On average, analysts forecast that Vulcan Materials will post 8.83 EPS for the current year.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.49 dividend. The ex-dividend date is Monday, March 10th. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.76%. Vulcan Materials's dividend payout ratio (DPR) is 26.86%.

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.