Brant Point Investment Management LLC Acquires Shares of 17,663 Vulcan Materials Company $VMC

Brant Point Investment Management LLC acquired a new stake in Vulcan Materials Company (NYSE:VMC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,663 shares of the construction company’s stock, valued at approximately $5,038,000. Vulcan Materials accounts for approximately 0.6% of Brant Point Investment Management LLC’s portfolio, making the stock its 28th biggest holding.

A number of other hedge funds have also recently modified their holdings of the company. Brown Advisory Inc. increased its position in shares of Vulcan Materials by 4.8% in the fourth quarter. Brown Advisory Inc. now owns 173,363 shares of the construction company’s stock valued at $49,446,000 after acquiring an additional 7,973 shares during the period. Adams Natural Resources Fund Inc. increased its position in shares of Vulcan Materials by 4.1% in the fourth quarter. Adams Natural Resources Fund Inc. now owns 27,700 shares of the construction company’s stock valued at $7,901,000 after acquiring an additional 1,100 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Vulcan Materials by 121.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 717,409 shares of the construction company’s stock valued at $204,619,000 after acquiring an additional 393,339 shares during the period. Aptus Capital Advisors LLC increased its position in shares of Vulcan Materials by 109.6% in the fourth quarter. Aptus Capital Advisors LLC now owns 7,128 shares of the construction company’s stock valued at $2,033,000 after acquiring an additional 3,728 shares during the period. Finally, Alamea Verwaltungs GmbH increased its position in shares of Vulcan Materials by 14.0% in the fourth quarter. Alamea Verwaltungs GmbH now owns 2,719 shares of the construction company’s stock valued at $817,000 after acquiring an additional 333 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $286.21 on Friday. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The company’s 50-day moving average is $282.62 and its 200 day moving average is $290.02. The stock has a market capitalization of $37.14 billion, a P/E ratio of 34.03, a P/E/G ratio of 2.07 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results 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 company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. Vulcan Materials’s quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on VMC shares. Raymond James Financial set a $325.00 price objective on shares of Vulcan Materials in a research report 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 research 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 research report on Thursday, April 30th. Berenberg Bank set a $283.00 price objective on shares of Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, June 2nd. Finally, Oppenheimer initiated coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating on the stock. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.