Hudson Bay Capital Management LP Has $9.65 Million Stock Holdings in Vulcan Materials Company $VMC

Hudson Bay Capital Management LP decreased its stake in shares of Vulcan Materials Company (NYSE:VMC) by 29.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,367 shares of the construction company’s stock after selling 13,113 shares during the period. Hudson Bay Capital Management LP’s holdings in Vulcan Materials were worth $9,649,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Vulcan Materials by 5.8% in the third quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock valued at $2,345,703,000 after purchasing an additional 414,828 shares in the last quarter. JPMorgan Chase & Co. raised its position in Vulcan Materials by 12.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,824,987 shares of the construction company’s stock worth $2,040,914,000 after purchasing an additional 857,210 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Vulcan Materials by 104.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 72,113 shares of the construction company’s stock worth $22,183,000 after buying an additional 36,823 shares in the last quarter. American Century Companies Inc. boosted its position in Vulcan Materials by 19.3% in the 2nd quarter. American Century Companies Inc. now owns 256,789 shares of the construction company’s stock valued at $66,976,000 after buying an additional 41,504 shares during the last quarter. Finally, EFG Asset Management North America Corp. bought a new position in Vulcan Materials in the 3rd quarter valued at $1,232,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

VMC has been the subject of a number of recent research reports. Wells Fargo & Company dropped their target price on Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Royal Bank Of Canada decreased their price target on Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 18th. DA Davidson lowered their price objective on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Wall Street Zen downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, Truist Financial raised their target price on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.29.

Vulcan Materials Stock Down 0.4%

NYSE:VMC opened at $256.82 on Friday. Vulcan Materials Company has a 1 year low of $218.87 and a 1 year high of $331.09. The stock has a 50-day moving average price of $299.48 and a two-hundred day moving average price of $295.95. The stock has a market cap of $33.54 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 1.80 and a beta of 1.05. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Tuesday, February 17th. The construction company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.41). Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm earned $2.17 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Monday, March 9th. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. Vulcan Materials’s payout ratio is presently 25.62%.

Insider Buying and Selling at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $303.72, for a total value of $345,329.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is owned by company insiders.

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.