MBB Public Markets I LLC Purchases Shares of 1,305 Vulcan Materials Company $VMC

MBB Public Markets I LLC acquired a new position in Vulcan Materials Company (NYSE:VMC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,305 shares of the construction company’s stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors have also modified their holdings of VMC. Opal Wealth Advisors LLC acquired a new stake in shares of Vulcan Materials in the first quarter worth $27,000. Manchester Capital Management LLC grew its stake in shares of Vulcan Materials by 26.9% in the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock worth $43,000 after acquiring an additional 39 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Vulcan Materials in the first quarter worth $45,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Vulcan Materials in the fourth quarter worth $46,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of Vulcan Materials in the first quarter worth $54,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on VMC shares. Royal Bank Of Canada lowered their price objective on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. UBS Group upgraded shares of Vulcan Materials from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $280.00 to $318.00 in a research note on Friday, May 16th. Citigroup reaffirmed a “buy” rating and issued a $321.00 target price (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. JPMorgan Chase & Co. raised their target price on Vulcan Materials from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Finally, Barclays raised their target price on Vulcan Materials from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $308.36.

Vulcan Materials Stock Up 0.8%

Shares of NYSE VMC opened at $294.77 on Thursday. The stock has a market cap of $38.94 billion, a PE ratio of 41.17, a PEG ratio of 2.39 and a beta of 0.86. The business has a fifty day moving average of $280.71 and a two-hundred day moving average of $261.37. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $299.29. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.20). Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the business posted $2.35 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were paid a $0.49 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is 27.37%.

About Vulcan Materials

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.