MUFG Securities EMEA plc Has $1.55 Million Stake in Vulcan Materials Company $VMC

MUFG Securities EMEA plc increased its stake in shares of Vulcan Materials Company (NYSE:VMC) by 114.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,423 shares of the construction company’s stock after acquiring 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 filing with the SEC.

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

Vulcan Materials Stock Performance

VMC opened at $282.06 on Wednesday. The firm has a market capitalization of $36.60 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The stock’s 50 day moving average price is $280.29 and its two-hundred day moving average price is $290.36. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS. On average, equities analysts forecast that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VMC shares. 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. Stifel Nicolaus set a $333.00 price objective on Vulcan Materials in a report on Thursday, April 30th. Royal Bank Of Canada increased their price objective on Vulcan Materials from $296.00 to $298.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Oppenheimer started coverage on Vulcan Materials in a report on Thursday, May 28th. They set a “market perform” rating on the stock. Finally, Citigroup lowered their price objective on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials presently 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.