Soros Fund Management LLC Buys Shares of 130,859 Vulcan Materials (NYSE:VMC)

Soros Fund Management LLC bought a new position in Vulcan Materials (NYSE:VMC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 130,859 shares of the construction company's stock, valued at approximately $32,771,000. Soros Fund Management LLC owned about 0.10% of Vulcan Materials as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Cetera Advisors LLC boosted its holdings in shares of Vulcan Materials by 118.1% in the 1st quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company's stock valued at $1,132,000 after buying an additional 2,245 shares during the period. Mather Group LLC. grew its holdings in shares of Vulcan Materials by 16.1% during the second quarter. Mather Group LLC. now owns 491 shares of the construction company's stock valued at $134,000 after purchasing an additional 68 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Vulcan Materials by 3.0% during the second quarter. Raymond James & Associates now owns 202,539 shares of the construction company's stock valued at $50,367,000 after purchasing an additional 5,979 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Vulcan Materials by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company's stock worth $331,404,000 after purchasing an additional 43,294 shares during the last quarter. Finally, Tower Bridge Advisors boosted its position in Vulcan Materials by 64.5% during the 3rd quarter. Tower Bridge Advisors now owns 4,936 shares of the construction company's stock valued at $1,236,000 after purchasing an additional 1,936 shares during the period. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

VMC has been the topic of a number of recent research reports. Truist Financial raised 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. JPMorgan Chase & Co. lifted their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a "neutral" rating in a research report on Wednesday, November 27th. UBS Group initiated coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They issued a "buy" rating and a $349.00 target price for the company. Citigroup cut their price target on Vulcan Materials from $297.00 to $292.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $283.92.

Vulcan Materials Price Performance

Shares of NYSE VMC traded up $0.09 during mid-day trading on Friday, reaching $287.72. The company had a trading volume of 198,709 shares, compared to its average volume of 829,049. The company has a 50-day moving average price of $268.17 and a two-hundred day moving average price of $255.97. The stock has a market cap of $38.00 billion, a PE ratio of 45.37, a P/E/G ratio of 2.77 and a beta of 0.81. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. Vulcan Materials has a 1-year low of $210.85 and a 1-year high of $298.31.

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). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company had revenue of $2 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the prior year, the business posted $2.29 EPS. The company's revenue for the quarter was down 8.3% compared to the same quarter last year. On average, equities analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.64%. The ex-dividend date was Monday, November 4th. Vulcan Materials's payout ratio is 29.02%.

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.