London & Capital Asset Management Ltd Increases Stock Holdings in Vulcan Materials Company $VMC

London & Capital Asset Management Ltd boosted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 26.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,087 shares of the construction company’s stock after buying an additional 22,545 shares during the period. Vulcan Materials makes up 2.4% of London & Capital Asset Management Ltd’s holdings, making the stock its 22nd largest position. London & Capital Asset Management Ltd owned approximately 0.08% of Vulcan Materials worth $33,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Vulcan Materials by 1.8% during the third quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock worth $5,293,274,000 after acquiring an additional 311,539 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Vulcan Materials by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,924,285 shares of the construction company’s stock worth $2,437,669,000 after purchasing an additional 99,298 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Vulcan Materials by 5.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock worth $2,345,703,000 after purchasing an additional 414,828 shares in the last quarter. State Street Corp grew its position in Vulcan Materials by 1.7% during the 2nd quarter. State Street Corp now owns 5,558,791 shares of the construction company’s stock worth $1,449,844,000 after purchasing an additional 95,256 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Vulcan Materials by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,491,618 shares of the construction company’s stock valued at $906,961,000 after purchasing an additional 27,531 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup lifted their price objective on shares of Vulcan Materials from $342.00 to $345.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Wall Street Zen downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Wells Fargo & Company lowered their price target 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. Stifel Nicolaus set a $327.00 price target on Vulcan Materials in a research note on Monday, November 3rd. Finally, Truist Financial increased their price objective on Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.64.

Insiders Place Their Bets

In related news, Director Melissa H. Anderson sold 1,137 shares of the business’s stock in a transaction 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 through this link. Also, President Thompson S. Baker II sold 7,135 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $300.81, for a total transaction of $2,146,279.35. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 8,937 shares of company stock worth $2,687,784. Corporate insiders own 0.61% of the company’s stock.

Vulcan Materials Price Performance

NYSE:VMC opened at $310.10 on Monday. Vulcan Materials Company has a one year low of $215.08 and a one year high of $331.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.97 and a current ratio of 2.69. The firm has a market cap of $40.49 billion, a price-to-earnings ratio of 38.19, a PEG ratio of 2.28 and a beta of 1.05. The firm’s fifty day moving average is $304.42 and its two-hundred day moving average is $297.57.

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 analysts’ consensus estimates of $2.11 by ($0.41). Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the business posted $2.17 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be given a $0.52 dividend. The ex-dividend date is Monday, March 9th. This represents a $2.08 annualized dividend and a yield of 0.7%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. Vulcan Materials’s payout ratio is currently 24.14%.

About Vulcan Materials

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.