Interval Partners LP Purchases 62,043 Shares of Vulcan Materials (NYSE:VMC)

Interval Partners LP increased its position in Vulcan Materials (NYSE:VMC) by 22.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 335,415 shares of the construction company’s stock after purchasing an additional 62,043 shares during the quarter. Vulcan Materials makes up 1.8% of Interval Partners LP’s holdings, making the stock its 6th largest position. Interval Partners LP owned about 0.25% of Vulcan Materials worth $83,411,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Register Financial Advisors LLC acquired a new stake in shares of Vulcan Materials during the 1st quarter worth about $27,000. SouthState Corp lifted its position in Vulcan Materials by 669.2% during the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after acquiring an additional 87 shares during the last quarter. Kings Path Partners LLC bought a new stake in shares of Vulcan Materials during the second quarter worth approximately $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Vulcan Materials in the first quarter valued at approximately $33,000. Finally, YHB Investment Advisors Inc. bought a new position in shares of Vulcan Materials during the first quarter worth approximately $34,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Trading Down 0.6 %

VMC opened at $252.05 on Monday. The company has a market cap of $33.33 billion, a P/E ratio of 36.80, a PEG ratio of 2.25 and a beta of 0.82. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $248.39 and its 200-day moving average is $255.48. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $278.79.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.29 EPS. Equities research analysts predict that Vulcan Materials will post 7.73 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were issued a $0.46 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.73%. Vulcan Materials’s payout ratio is presently 26.86%.

Analyst Upgrades and Downgrades

VMC has been the topic of a number of research reports. Citigroup decreased their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Stephens decreased their price target 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. Loop Capital dropped their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Royal Bank of Canada cut their price objective on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Finally, Truist Financial dropped their price target on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $274.73.

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.