Regents Gate Capital LLP Acquires Shares of 49,427 Vulcan Materials Company $VMC

Regents Gate Capital LLP bought a new position in Vulcan Materials Company (NYSE:VMC) during the fourth quarter, HoldingsChannel.com reports. The fund bought 49,427 shares of the construction company’s stock, valued at approximately $14,098,000. Vulcan Materials comprises about 4.5% of Regents Gate Capital LLP’s holdings, making the stock its 8th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lone Pine Capital LLC purchased a new position in shares of Vulcan Materials in the 3rd quarter worth about $425,938,000. Norges Bank purchased a new stake in Vulcan Materials during the 4th quarter valued at about $383,613,000. Egerton Capital UK LLP bought a new stake in Vulcan Materials during the 4th quarter valued at about $273,861,000. Assenagon Asset Management S.A. raised its holdings in Vulcan Materials by 993.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 396,628 shares of the construction company’s stock worth $113,126,000 after buying an additional 360,368 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new position in Vulcan Materials in the third quarter worth about $98,911,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VMC has been the topic of a number of recent analyst reports. Raymond James Financial set a $325.00 price target on shares of Vulcan Materials in a report on Thursday, April 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Truist Financial increased their target price on Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Barclays boosted their price target on Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Citigroup dropped their price objective on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $326.92.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $280.33 on Friday. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09. The firm has a 50 day moving average of $282.50 and a 200 day moving average of $290.05. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $36.38 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 1.97 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.64 billion. During the same period last year, the firm earned $1.00 EPS. Vulcan Materials’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, research analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Dividend Announcement

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

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.