Egerton Capital UK LLP Acquires New Holdings in Vulcan Materials Company $VMC

Egerton Capital UK LLP acquired a new stake in Vulcan Materials Company (NYSE:VMC) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 960,173 shares of the construction company’s stock, valued at approximately $273,861,000. Vulcan Materials accounts for about 3.0% of Egerton Capital UK LLP’s portfolio, making the stock its 13th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VMC. Brighton Jones LLC bought a new position in Vulcan Materials in the 4th quarter valued at approximately $497,000. NewEdge Advisors LLC lifted its stake in Vulcan Materials by 3.9% in the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock valued at $1,017,000 after purchasing an additional 163 shares during the last quarter. Empowered Funds LLC lifted its stake in Vulcan Materials by 6.3% in the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock valued at $745,000 after purchasing an additional 190 shares during the last quarter. Focus Partners Wealth lifted its stake in Vulcan Materials by 28.5% in the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock valued at $775,000 after purchasing an additional 736 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Vulcan Materials by 31.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock valued at $78,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

VMC has been the subject of several research reports. Berenberg Bank set a $283.00 price objective on shares of Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Citigroup decreased their price target on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a research report on Friday, May 1st. DA Davidson decreased their price target on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Stifel Nicolaus set a $333.00 price target on shares of Vulcan Materials in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $320.00 price target (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials has a consensus rating of “Hold” and an average target price of $326.92.

Vulcan Materials Trading Up 0.0%

Shares of NYSE VMC opened at $281.49 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week high of $331.09. The firm has a 50 day moving average price of $281.77 and a two-hundred day moving average price of $290.31. The stock has a market cap of $36.53 billion, a P/E ratio of 33.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.64 billion. During the same period in the prior year, the company posted $1.00 EPS. The company’s revenue was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Announces Dividend

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

Vulcan Materials 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.