Brant Point Investment Management LLC Invests $5.04 Million in Vulcan Materials Company $VMC

Brant Point Investment Management LLC bought a new position in Vulcan Materials Company (NYSE:VMC) during the 4th quarter, HoldingsChannel reports. The fund bought 17,663 shares of the construction company’s stock, valued at approximately $5,038,000. Vulcan Materials makes up approximately 0.6% of Brant Point Investment Management LLC’s portfolio, making the stock its 28th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Chesapeake Capital Corp IL lifted its stake in shares of Vulcan Materials by 0.9% in the fourth quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock worth $1,059,000 after buying an additional 33 shares in the last quarter. Composition Wealth LLC raised its holdings in shares of Vulcan Materials by 3.5% during the fourth quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock valued at $289,000 after purchasing an additional 34 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in shares of Vulcan Materials by 5.5% during the fourth quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock valued at $206,000 after purchasing an additional 38 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Vulcan Materials by 0.3% during the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock valued at $3,802,000 after purchasing an additional 38 shares during the last quarter. Finally, United Capital Financial Advisors LLC raised its holdings in shares of Vulcan Materials by 1.2% during the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock valued at $952,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $286.21 on Friday. The firm has a fifty day moving average price of $282.62 and a 200-day moving average price of $290.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The stock has a market cap of $37.14 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 2.07 and a beta of 1.05. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09.

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

Vulcan Materials Dividend Announcement

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

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 report on Tuesday, June 2nd. Oppenheimer initiated coverage on shares of Vulcan Materials in a report on Thursday, May 28th. They set a “market perform” rating for the company. Stifel Nicolaus set a $333.00 target price on shares of Vulcan Materials in a report on Thursday, April 30th. Stephens upped their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Citigroup reduced their target price on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $326.92.

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.