Westfield Capital Management Co. LP Increases Stock Position in Vulcan Materials Company $VMC

Westfield Capital Management Co. LP lifted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 254,044 shares of the construction company’s stock after buying an additional 17,488 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Vulcan Materials were worth $72,459,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Westside Investment Management Inc. lifted its stake in shares of Vulcan Materials by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after buying an additional 42 shares in the last quarter. NBT Bank N A NY purchased a new stake in shares of Vulcan Materials during the 4th quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Vulcan Materials during the 3rd quarter valued at approximately $30,000. Godsey & Gibb Inc. purchased a new stake in shares of Vulcan Materials during the 4th quarter valued at approximately $30,000. Finally, WPG Advisers LLC lifted its stake in shares of Vulcan Materials by 56.4% during the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock valued at $35,000 after buying an additional 44 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Stock Down 0.6%

Shares of Vulcan Materials stock opened at $281.49 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. The stock has a market capitalization of $36.53 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 2.04 and a beta of 1.05. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week high of $331.09. The company has a 50-day simple moving average of $281.77 and a two-hundred day simple moving average of $290.24.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the business posted $1.00 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.52 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s payout ratio is currently 24.73%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VMC shares. DA Davidson dropped their price target on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Citigroup lowered their target price on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Truist Financial increased their target price on shares of Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Berenberg Bank set a $283.00 price target on shares of Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $326.92.

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.