Mercuria Capital Strategies LLC Invests $5.02 Million in Vulcan Materials Company $VMC

Mercuria Capital Strategies LLC purchased a new position in shares of Vulcan Materials Company (NYSE:VMC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,591 shares of the construction company’s stock, valued at approximately $5,017,000. Vulcan Materials makes up about 4.1% of Mercuria Capital Strategies LLC’s holdings, making the stock its 11th largest position.

A number of other institutional investors also recently modified their holdings of VMC. Lone Pine Capital LLC acquired a new position in Vulcan Materials in the 3rd quarter worth about $425,938,000. Norges Bank acquired a new position in Vulcan Materials in the 4th quarter worth about $383,613,000. Assenagon Asset Management S.A. increased its holdings in Vulcan Materials by 993.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 396,628 shares of the construction company’s stock worth $113,126,000 after purchasing an additional 360,368 shares in the last quarter. Freestone Grove Partners LP acquired a new position in Vulcan Materials in the 3rd quarter worth about $98,911,000. Finally, Vanguard Group Inc. increased its holdings in Vulcan Materials by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock worth $5,293,274,000 after purchasing an additional 311,539 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VMC shares. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday. Raymond James Financial set a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, April 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Morgan Stanley cut their target price on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Finally, Wells Fargo & Company lifted their target price on shares of Vulcan Materials from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $326.92.

Vulcan Materials Trading Down 0.6%

NYSE VMC opened at $281.49 on Friday. The business’s 50-day moving average price is $281.77 and its two-hundred day moving average price is $290.24. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The firm has a market capitalization of $36.53 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating 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 firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the company posted $1.00 EPS. The business’s revenue was up 7.4% on a year-over-year basis. On average, analysts expect that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, May 22nd. Vulcan Materials’s 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.