111 Capital Acquires Shares of 1,886 Vulcan Materials Company $VMC

111 Capital acquired a new stake in shares of Vulcan Materials Company (NYSE:VMC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,886 shares of the construction company’s stock, valued at approximately $538,000.

A number of other hedge funds have also added to or reduced their stakes in VMC. Westside Investment Management Inc. increased its position in Vulcan Materials by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after purchasing an additional 42 shares during the period. NBT Bank N A NY purchased a new position in Vulcan Materials during the 4th quarter valued at $26,000. Godsey & Gibb Inc. purchased a new position in Vulcan Materials during the 4th quarter valued at $30,000. Measured Wealth Private Client Group LLC purchased a new position in Vulcan Materials during the 3rd quarter valued at $30,000. Finally, WPG Advisers LLC increased its position in Vulcan Materials by 56.4% during the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock valued at $35,000 after purchasing an additional 44 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. 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. reaffirmed a “neutral” rating and issued a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. 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. DA Davidson reduced their target price on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Finally, Stephens upped their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $326.92.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $281.49 on Friday. The stock has a market cap of $36.53 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 2.03 and a beta of 1.05. The firm’s 50-day moving average is $281.77 and its 200 day moving average is $290.24. 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.

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, topping analysts’ consensus estimates of $1.10 by $0.25. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. Vulcan Materials’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 EPS. Sell-side analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

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

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.