Interval Partners LP Grows Stock Holdings in Vulcan Materials (NYSE:VMC)

Interval Partners LP boosted its holdings in shares of Vulcan Materials (NYSE:VMC) by 45.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 586,272 shares of the construction company’s stock after purchasing an additional 182,078 shares during the period. Vulcan Materials makes up approximately 3.0% of Interval Partners LP’s holdings, making the stock its 2nd biggest position. Interval Partners LP owned about 0.44% of Vulcan Materials worth $150,807,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of Vulcan Materials by 29.0% in the 3rd quarter. Barclays PLC now owns 472,194 shares of the construction company’s stock valued at $118,251,000 after acquiring an additional 106,187 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Vulcan Materials by 284.9% in the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock worth $11,104,000 after buying an additional 33,051 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Vulcan Materials by 3.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,377 shares of the construction company’s stock worth $2,348,000 after buying an additional 291 shares during the period. Czech National Bank grew its holdings in shares of Vulcan Materials by 6.4% during the fourth quarter. Czech National Bank now owns 28,634 shares of the construction company’s stock valued at $7,366,000 after buying an additional 1,732 shares in the last quarter. Finally, Fiduciary Alliance LLC acquired a new position in Vulcan Materials during the fourth quarter valued at $612,000. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Up 0.4 %

VMC stock opened at $269.52 on Friday. The stock has a market capitalization of $35.60 billion, a price-to-earnings ratio of 39.35, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The company has a 50-day moving average of $241.51 and a two-hundred day moving average of $260.17. Vulcan Materials has a 52-week low of $215.08 and a 52-week high of $298.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.20. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 EPS. As a group, equities research analysts anticipate that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.49 dividend. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.73%. Vulcan Materials’s dividend payout ratio (DPR) is presently 27.80%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Raymond James decreased their price target on shares of Vulcan Materials from $300.00 to $295.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Wolfe Research upgraded Vulcan Materials from a “peer perform” rating to an “outperform” rating in a report on Thursday, April 10th. Morgan Stanley reduced their price objective on Vulcan Materials from $300.00 to $273.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus upped their target price on Vulcan Materials from $287.00 to $309.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Finally, Argus upgraded Vulcan Materials to a “strong-buy” rating in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $294.73.

Vulcan Materials Company 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.