Brown Advisory Inc. Grows Position in Vulcan Materials Company $VMC

Brown Advisory Inc. lifted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 173,363 shares of the construction company’s stock after purchasing an additional 7,973 shares during the quarter. Brown Advisory Inc.’s holdings in Vulcan Materials were worth $49,446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VMC. NBT Bank N A NY purchased a new position in Vulcan Materials during the 4th quarter valued at about $26,000. Godsey & Gibb Inc. acquired a new stake in shares of Vulcan Materials during the 4th quarter worth about $30,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Vulcan Materials during the 3rd quarter worth about $30,000. WPG Advisers LLC raised its position 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 acquiring an additional 44 shares in the last quarter. Finally, Concord Wealth Partners acquired a new stake in shares of Vulcan Materials during the 4th quarter worth about $36,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Stock Performance

NYSE VMC opened at $286.21 on Monday. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09. The stock has a market cap of $37.14 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 2.07 and a beta of 1.05. The business has a fifty day moving average of $282.62 and a 200-day moving average of $290.04. 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 (NYSE:VMC) last released 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 return on equity of 12.95% and a net margin of 13.81%.The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm posted $1.00 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts predict that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a research report on Thursday, April 30th. Wall Street Zen upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a research note on Wednesday, March 4th. Citigroup decreased their price target on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Finally, Berenberg Bank set a $283.00 price target on Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $326.92.

Vulcan Materials 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.