Townsquare Capital LLC Buys 2,357 Shares of Vulcan Materials (NYSE:VMC)

Townsquare Capital LLC raised its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 53.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,727 shares of the construction company's stock after buying an additional 2,357 shares during the quarter. Townsquare Capital LLC's holdings in Vulcan Materials were worth $1,685,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in shares of Vulcan Materials by 55.7% in the third quarter. BNP Paribas Financial Markets now owns 217,495 shares of the construction company's stock valued at $54,467,000 after buying an additional 77,843 shares during the period. Quantbot Technologies LP lifted its position in shares of Vulcan Materials by 622.4% in the third quarter. Quantbot Technologies LP now owns 29,302 shares of the construction company's stock worth $7,338,000 after purchasing an additional 25,246 shares in the last quarter. FMR LLC boosted its holdings in Vulcan Materials by 2.2% during the third quarter. FMR LLC now owns 3,660,931 shares of the construction company's stock worth $916,807,000 after purchasing an additional 78,271 shares during the last quarter. Bank of Montreal Can grew its position in Vulcan Materials by 0.5% in the third quarter. Bank of Montreal Can now owns 173,625 shares of the construction company's stock valued at $43,448,000 after purchasing an additional 836 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in Vulcan Materials by 38.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 136,737 shares of the construction company's stock valued at $34,243,000 after buying an additional 38,329 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Price Performance

Shares of VMC stock traded down $1.05 during trading on Monday, hitting $287.08. The company had a trading volume of 579,531 shares, compared to its average volume of 834,189. The stock's 50-day moving average price is $265.28 and its 200 day moving average price is $255.16. The firm has a market capitalization of $37.91 billion, a P/E ratio of 45.45, a price-to-earnings-growth ratio of 2.79 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. Vulcan Materials has a one year low of $210.85 and a one 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 firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company posted $2.29 EPS. The business's revenue was down 8.3% on a year-over-year basis. Equities analysts expect that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were paid 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%.

Wall Street Analyst Weigh In

VMC has been the subject of several analyst reports. StockNews.com raised shares of Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Stephens lowered their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. Truist Financial boosted their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, UBS Group assumed coverage on Vulcan Materials in a research report on Thursday, November 7th. They issued a "buy" rating and a $349.00 price objective for the company. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company presently 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.