Milford Funds Ltd. Invests $28.39 Million in Vulcan Materials Company $VMC

Milford Funds Ltd. bought a new position in shares of Vulcan Materials Company (NYSE:VMC) during the fourth quarter, Holdings Channel reports. The firm bought 99,520 shares of the construction company’s stock, valued at approximately $28,385,000.

A number of other hedge funds also recently made changes to their positions in VMC. Brighton Jones LLC bought a new stake in shares of Vulcan Materials during the 4th quarter worth $497,000. NewEdge Advisors LLC raised its stake in shares of Vulcan Materials by 3.9% during the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock worth $1,017,000 after purchasing an additional 163 shares during the period. Empowered Funds LLC raised its stake in shares of Vulcan Materials by 6.3% during the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock worth $745,000 after purchasing an additional 190 shares during the period. Focus Partners Wealth raised its stake in shares of Vulcan Materials by 28.5% during the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock worth $775,000 after purchasing an additional 736 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Vulcan Materials by 31.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock worth $78,000 after purchasing an additional 80 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Trading Up 2.1%

Shares of VMC opened at $286.21 on Friday. The business has a 50-day moving average of $282.62 and a 200 day moving average of $290.02. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09. The firm has a market cap of $37.14 billion, a P/E ratio of 34.03, a price-to-earnings-growth ratio of 2.02 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.64 billion. During the same quarter last year, the firm posted $1.00 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts forecast that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders 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 yield of 0.7%. The ex-dividend date of this dividend was Friday, May 22nd. Vulcan Materials’s payout ratio is presently 24.73%.

Wall Street Analyst Weigh In

VMC has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a research note on Thursday, April 30th. Berenberg Bank set a $283.00 price objective on Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday, June 2nd. Stephens lifted their price objective on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Citigroup decreased their price objective on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Wall Street Zen raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials has a consensus rating of “Hold” and an average 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.