Hudson Bay Capital Management LP Sells 7,840 Shares of Vulcan Materials Company $VMC

Hudson Bay Capital Management LP reduced its position in Vulcan Materials Company (NYSE:VMC) by 15.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 44,480 shares of the construction company’s stock after selling 7,840 shares during the period. Hudson Bay Capital Management LP’s holdings in Vulcan Materials were worth $11,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC increased its holdings in Vulcan Materials by 86.3% in the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after acquiring an additional 44 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in Vulcan Materials during the second quarter worth about $32,000. Concord Wealth Partners purchased a new position in shares of Vulcan Materials in the second quarter worth about $33,000. Steph & Co. purchased a new position in shares of Vulcan Materials in the second quarter worth about $55,000. Finally, Clearstead Trust LLC raised its position in shares of Vulcan Materials by 71.7% in the second quarter. Clearstead Trust LLC now owns 218 shares of the construction company’s stock valued at $57,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In other Vulcan Materials news, SVP Denson N. Franklin III sold 665 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $295.00, for a total value of $196,175.00. Following the completion of the transaction, the senior vice president owned 8,284 shares of the company’s stock, valued at $2,443,780. The trade was a 7.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David P. Clement sold 2,000 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $288.55, for a total transaction of $577,100.00. Following the completion of the transaction, the senior vice president directly owned 832 shares in the company, valued at $240,073.60. The trade was a 70.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 13,336 shares of company stock worth $3,908,336. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VMC shares. DA Davidson raised their price objective on shares of Vulcan Materials from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. raised their price target on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Citigroup reduced their price target on Vulcan Materials from $356.00 to $342.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a report on Wednesday, October 8th. Finally, Raymond James Financial raised their target price on Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and an average target price of $317.58.

Vulcan Materials Stock Down 1.1%

VMC opened at $296.07 on Monday. The firm has a market capitalization of $39.12 billion, a P/E ratio of 35.16, a price-to-earnings-growth ratio of 2.42 and a beta of 1.06. Vulcan Materials Company has a one year low of $215.08 and a one year high of $311.74. The company has a fifty day moving average price of $293.38 and a 200-day moving average price of $284.06. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.23 and a quick ratio of 1.56.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.12. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. Vulcan Materials had a return on equity of 13.47% and a net margin of 14.19%.The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $2.22 earnings per share. Equities research analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is presently 23.28%.

About Vulcan Materials

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.