Vulcan Materials Company $VMC Holdings Raised by MUFG Securities EMEA plc

MUFG Securities EMEA plc grew its stake in shares of Vulcan Materials Company (NYSE:VMC) by 114.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,423 shares of the construction company’s stock after purchasing an additional 2,894 shares during the period. MUFG Securities EMEA plc’s holdings in Vulcan Materials were worth $1,547,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Westside Investment Management Inc. lifted its holdings in shares of Vulcan Materials by 100.0% during the third quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after purchasing an additional 42 shares during the last quarter. NBT Bank N A NY purchased a new stake in shares of Vulcan Materials during the fourth quarter valued at $26,000. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Vulcan Materials during the third quarter valued at $29,000. Godsey & Gibb Inc. acquired a new position in Vulcan Materials during the fourth quarter valued at $30,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Vulcan Materials during the third quarter valued at $30,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $282.06 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09. The stock’s 50-day moving average is $280.29 and its two-hundred day moving average is $290.36. The firm has a market cap of $36.60 billion, a P/E ratio of 33.54, a PEG ratio of 2.03 and a beta of 1.05.

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

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 22nd. Vulcan Materials’s dividend payout ratio is presently 24.73%.

Analyst Ratings Changes

Several research firms recently weighed in on VMC. JPMorgan Chase & Co. reissued a “neutral” rating and set a $320.00 price target (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Wall Street Zen raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Stephens upped their price target on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Berenberg Bank set a $283.00 price target on Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday. Finally, Stifel Nicolaus set a $333.00 price target on Vulcan Materials in a research report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $326.92.

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.