Egerton Capital UK LLP Invests $273.86 Million in Vulcan Materials Company $VMC

Egerton Capital UK LLP acquired a new position in shares of Vulcan Materials Company (NYSE:VMC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 960,173 shares of the construction company’s stock, valued at approximately $273,861,000. Vulcan Materials comprises 3.0% of Egerton Capital UK LLP’s investment portfolio, making the stock its 13th largest holding. Egerton Capital UK LLP owned 0.73% of Vulcan Materials at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. NBT Bank N A NY acquired a new position in shares of Vulcan Materials during the 4th quarter worth about $26,000. Godsey & Gibb Inc. acquired a new position in shares of Vulcan Materials during the 4th quarter worth about $30,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Vulcan Materials during the 3rd quarter worth about $30,000. WPG Advisers LLC increased its stake in shares of Vulcan Materials by 56.4% during the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after purchasing an additional 44 shares during the last quarter. Finally, Concord Wealth Partners acquired a new position in shares of Vulcan Materials during the 4th quarter worth about $36,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $281.49 on Monday. The company has a 50 day moving average of $281.77 and a 200-day moving average of $290.31. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year 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. The company has a market cap 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.

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

Vulcan Materials Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently commented on VMC shares. Stephens upped their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Wells Fargo & Company boosted their price objective on shares of Vulcan Materials from $305.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Barclays boosted their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. Finally, Stifel Nicolaus set a $333.00 price objective on shares of Vulcan Materials in a report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $326.92.

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.