SpiderRock Advisors LLC Buys New Position in Vulcan Materials (NYSE:VMC)

SpiderRock Advisors LLC bought a new stake in Vulcan Materials (NYSE:VMC - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,152 shares of the construction company's stock, valued at approximately $1,040,000.

A number of other large investors also recently made changes to their positions in the business. Leavell Investment Management Inc. increased its position in Vulcan Materials by 0.9% in the 3rd quarter. Leavell Investment Management Inc. now owns 53,875 shares of the construction company's stock worth $13,492,000 after buying an additional 464 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Vulcan Materials during the third quarter valued at $42,000. Valley Brook Capital Group Inc. boosted its stake in Vulcan Materials by 5.1% in the third quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company's stock worth $257,000 after purchasing an additional 50 shares in the last quarter. Principal Financial Group Inc. boosted its position in Vulcan Materials by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock valued at $1,332,431,000 after buying an additional 884,580 shares during the last quarter. Finally, BSW Wealth Partners boosted its position in shares of Vulcan Materials by 12.3% in the 3rd quarter. BSW Wealth Partners now owns 1,424 shares of the construction company's stock worth $357,000 after purchasing an additional 156 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citigroup lowered their price target on shares of Vulcan Materials from $297.00 to $292.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Truist Financial upped their price objective on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Barclays boosted their price objective on Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Stephens decreased their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. Finally, UBS Group began coverage on shares of Vulcan Materials in a research report on Thursday. They set a "buy" rating and a $349.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Vulcan Materials currently has an average rating of "Moderate Buy" and an average price target of $280.46.

Vulcan Materials Stock Up 0.2 %

NYSE:VMC traded up $0.58 during midday trading on Monday, reaching $292.89. The company had a trading volume of 334,177 shares, compared to its average volume of 844,936. The firm has a market capitalization of $38.68 billion, a price-to-earnings ratio of 46.11, a PEG ratio of 2.81 and a beta of 0.81. Vulcan Materials has a 12-month low of $209.39 and a 12-month high of $298.31. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The stock's fifty day simple moving average is $251.73 and its 200-day simple moving average is $253.13.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($0.12). The firm had revenue of $2 billion for the quarter, compared to analysts' expectations of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm's quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.29 EPS. On average, sell-side analysts anticipate that Vulcan Materials will post 7.2 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials's dividend payout ratio is currently 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.