Vulcan Materials (NYSE:VMC) is Stockbridge Partners LLC's 4th Largest Position

Stockbridge Partners LLC grew its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 9.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,568,564 shares of the construction company's stock after acquiring an additional 137,365 shares during the quarter. Vulcan Materials comprises 7.9% of Stockbridge Partners LLC's investment portfolio, making the stock its 4th biggest holding. Stockbridge Partners LLC owned about 1.19% of Vulcan Materials worth $392,815,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VMC. United Asset Strategies Inc. boosted its stake in Vulcan Materials by 1.1% in the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company's stock valued at $938,000 after acquiring an additional 39 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Vulcan Materials by 2.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company's stock valued at $498,000 after purchasing an additional 44 shares during the last quarter. Marcum Wealth LLC boosted its position in shares of Vulcan Materials by 5.7% in the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company's stock valued at $214,000 after purchasing an additional 46 shares during the period. UMB Bank n.a. grew its stake in Vulcan Materials by 61.8% during 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, Golden State Equity Partners increased its position in Vulcan Materials by 4.5% during the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company's stock worth $275,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Vulcan Materials Price Performance

Shares of VMC stock traded up $1.77 during midday trading on Friday, reaching $288.16. 355,150 shares of the company traded hands, compared to its average volume of 835,379. The firm has a market cap of $38.05 billion, a PE ratio of 45.45, a price-to-earnings-growth ratio of 2.77 and a beta of 0.81. 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 firm's 50 day simple moving average is $265.28 and its two-hundred day simple moving average is $255.35. Vulcan Materials has a 1-year low of $209.60 and a 1-year high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm's revenue for the quarter was down 8.3% on a year-over-year basis. During the same period last year, the company posted $2.29 EPS. On average, equities research analysts expect that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

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

Wall Street Analyst Weigh In

VMC has been the subject of several research reports. 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 price target for the company. Truist Financial upped their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a report on Friday, November 1st. Royal Bank of Canada lowered their price target on Vulcan Materials from $267.00 to $257.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 7th. StockNews.com raised Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Finally, Citigroup lowered their target price on Vulcan Materials from $297.00 to $292.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials currently has an average rating of "Moderate Buy" and an average price target of $283.92.

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.