Caitong International Asset Management Co. Ltd Purchases Shares of 307 Vulcan Materials Company (NYSE:VMC)

Caitong International Asset Management Co. Ltd purchased a new stake in Vulcan Materials Company (NYSE:VMC) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 307 shares of the construction company’s stock, valued at approximately $72,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Vulcan Materials in the 1st quarter valued at about $27,000. Kapitalo Investimentos Ltda acquired a new stake in Vulcan Materials during the 4th quarter worth about $35,000. Manchester Capital Management LLC raised its holdings in Vulcan Materials by 26.9% during the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock worth $43,000 after buying an additional 39 shares during the period. Wayfinding Financial LLC acquired a new stake in Vulcan Materials during the 1st quarter worth about $45,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Vulcan Materials during the 4th quarter worth about $46,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Raymond James Financial cut their price objective on Vulcan Materials from $300.00 to $295.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Argus upgraded Vulcan Materials to a “strong-buy” rating in a report on Thursday, April 24th. Royal Bank Of Canada cut their price objective on Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a report on Friday, August 1st. Barclays boosted their price objective on Vulcan Materials from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Stephens set a $315.00 price objective on Vulcan Materials and gave the stock an “overweight” rating in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $304.27.

Vulcan Materials Price Performance

Shares of VMC opened at $291.87 on Friday. The company has a market capitalization of $38.56 billion, a price-to-earnings ratio of 40.76, a P/E/G ratio of 2.40 and a beta of 0.83. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $298.31. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The business’s 50-day moving average is $269.74 and its 200-day moving average is $258.62.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the company posted $2.35 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be issued a $0.49 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is currently 27.37%.

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.