Caxton Associates LLP Invests $871,000 in Vulcan Materials Company $VMC

Caxton Associates LLP acquired a new position in Vulcan Materials Company (NYSE:VMC) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,197 shares of the construction company’s stock, valued at approximately $871,000.

Other institutional investors have also recently made changes to their positions in the company. Cloverfields Capital Group LP bought a new position in Vulcan Materials in the 1st quarter worth approximately $5,087,000. Bank of Nova Scotia raised its position in shares of Vulcan Materials by 83.4% during the first quarter. Bank of Nova Scotia now owns 39,989 shares of the construction company’s stock valued at $10,889,000 after buying an additional 18,182 shares during the last quarter. Sei Investments Co. raised its position in shares of Vulcan Materials by 12.7% during the first quarter. Sei Investments Co. now owns 168,343 shares of the construction company’s stock valued at $45,840,000 after buying an additional 18,971 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Vulcan Materials by 6.6% during the first quarter. Cetera Investment Advisers now owns 19,972 shares of the construction company’s stock valued at $5,438,000 after buying an additional 1,231 shares during the last quarter. Finally, Aureus Asset Management LLC purchased a new position in shares of Vulcan Materials in the first quarter worth $212,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Up 0.2%

Shares of NYSE:VMC opened at $280.20 on Monday. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The company has a 50-day moving average price of $286.78 and a 200 day moving average price of $290.55. The company has a market cap of $36.36 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 2.01 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business posted $1.00 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts predict that Vulcan Materials Company will post 9.3 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be issued a $0.52 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is 24.73%.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 2,212 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $292.29, for a total transaction of $646,545.48. Following the transaction, the senior vice president owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. The trade was a 20.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VMC. Citigroup dropped their target price on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Morgan Stanley reduced their price target on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. UBS Group decreased their price target on shares of Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Wells Fargo & Company cut their price objective on Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada cut their price objective on Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 30th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.79.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.