Vulcan Materials Company $VMC Position Lessened by Regents Gate Capital LLP

Regents Gate Capital LLP lowered its stake in shares of Vulcan Materials Company (NYSE:VMC) by 6.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,264 shares of the construction company’s stock after selling 3,163 shares during the quarter. Vulcan Materials makes up approximately 2.7% of Regents Gate Capital LLP’s holdings, making the stock its 18th largest position. Regents Gate Capital LLP’s holdings in Vulcan Materials were worth $12,598,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Atria Investments Inc boosted its stake in Vulcan Materials by 54.1% during the 4th quarter. Atria Investments Inc now owns 12,334 shares of the construction company’s stock valued at $3,518,000 after purchasing an additional 4,331 shares during the period. Swiss Life Asset Management Ltd grew its position in Vulcan Materials by 67.8% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 14,320 shares of the construction company’s stock worth $4,405,000 after purchasing an additional 5,787 shares during the last quarter. Y.D. More Investments Ltd bought a new position in Vulcan Materials in the 4th quarter worth about $1,318,000. North Dakota State Investment Board acquired a new stake in shares of Vulcan Materials in the fourth quarter valued at approximately $1,293,000. Finally, ABC Arbitrage SA acquired a new stake in shares of Vulcan Materials in the fourth quarter valued at approximately $5,821,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Stock Down 1.6%

VMC stock opened at $288.64 on Friday. The firm’s 50-day moving average is $286.57 and its two-hundred day moving average is $290.97. The company has a market capitalization of $37.45 billion, a price-to-earnings ratio of 34.32, a price-to-earnings-growth ratio of 2.09 and a beta of 1.05. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. 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 posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm posted $1.00 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. On average, analysts forecast that Vulcan Materials Company will post 9.23 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 Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, August 13th. Vulcan Materials’s dividend payout ratio is 24.73%.

Analyst Ratings Changes

Several brokerages have recently issued reports on VMC. Berenberg Bank set a $283.00 price objective on Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. Wells Fargo & Company lowered their target price on Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Wall Street Zen downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Oppenheimer assumed coverage on Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating for the company. Finally, Zacks Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $327.79.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the transaction, the senior vice president directly owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This trade represents a 20.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.65% of the company’s stock.

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.