Regents Gate Capital LLP Invests $14.10 Million in Vulcan Materials Company $VMC

Regents Gate Capital LLP bought a new stake in Vulcan Materials Company (NYSE:VMC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 49,427 shares of the construction company’s stock, valued at approximately $14,098,000. Vulcan Materials comprises approximately 4.5% of Regents Gate Capital LLP’s portfolio, making the stock its 8th largest position.

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

Vulcan Materials Price Performance

VMC stock opened at $280.33 on Friday. 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 Company has a 1 year low of $252.35 and a 1 year high of $331.09. The firm has a 50-day moving average of $282.50 and a 200 day moving average of $290.05. The company has a market cap of $36.38 billion, a P/E ratio of 33.33, a PEG ratio of 1.97 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last posted its 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. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 EPS. On average, sell-side analysts forecast that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given 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 dividend payout ratio (DPR) is currently 24.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VMC shares. Stephens boosted their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Oppenheimer started coverage on Vulcan Materials in a report on Thursday, May 28th. They set a “market perform” rating on the stock. Wall Street Zen raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Raymond James Financial set a $325.00 price objective on Vulcan Materials in a report on Thursday, April 30th. Finally, Stifel Nicolaus set a $333.00 price objective on Vulcan Materials in a research report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $326.92.

About Vulcan Materials

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.