Kovitz Investment Group Partners LLC Has $2.99 Million Stock Holdings in Vulcan Materials Company $VMC

Kovitz Investment Group Partners LLC boosted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 4.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,833 shares of the construction company’s stock after buying an additional 594 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Vulcan Materials were worth $2,994,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Harfst & Associates Inc. acquired a new position in Vulcan Materials during the first quarter worth $261,000. Tokio Marine Asset Management Co. Ltd. increased its position in Vulcan Materials by 8.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,420 shares of the construction company’s stock worth $1,031,000 after buying an additional 355 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Vulcan Materials during the first quarter worth $72,000. YCG LLC acquired a new position in Vulcan Materials during the first quarter worth $9,348,000. Finally, National Pension Service increased its position in Vulcan Materials by 15.1% during the first quarter. National Pension Service now owns 174,003 shares of the construction company’s stock worth $40,595,000 after buying an additional 22,827 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada lowered their price target on Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. Barclays raised their price target on Vulcan Materials from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Stephens set a $315.00 price target on Vulcan Materials and gave the company an “overweight” rating in a research report on Thursday, May 1st. Raymond James Financial lowered their price target on Vulcan Materials from $300.00 to $295.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Finally, Stifel Nicolaus raised their price target on Vulcan Materials from $287.00 to $309.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and a consensus target price of $304.27.

Vulcan Materials Stock Down 0.4%

NYSE VMC opened at $291.87 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The firm has a 50-day simple moving average of $269.74 and a 200 day simple moving average of $258.40. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $298.31. The stock has a market cap of $38.56 billion, a PE ratio of 40.76, a PEG ratio of 2.38 and a beta of 0.83.

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

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.49 per share. 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 (DPR) 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.