Mercuria Capital Strategies LLC Buys New Position in Vulcan Materials Company $VMC

Mercuria Capital Strategies LLC bought a new stake in shares of Vulcan Materials Company (NYSE:VMC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,591 shares of the construction company’s stock, valued at approximately $5,017,000. Vulcan Materials makes up approximately 4.1% of Mercuria Capital Strategies LLC’s investment portfolio, making the stock its 11th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Vulcan Materials by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,293,316 shares of the construction company’s stock valued at $397,795,000 after purchasing an additional 3,931 shares in the last quarter. Swiss Life Asset Management Ltd boosted its position in shares of Vulcan Materials by 67.8% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 14,320 shares of the construction company’s stock valued at $4,405,000 after purchasing an additional 5,787 shares in the last quarter. ING Groep NV boosted its position in shares of Vulcan Materials by 67.3% during the 3rd quarter. ING Groep NV now owns 29,081 shares of the construction company’s stock valued at $8,946,000 after purchasing an additional 11,699 shares in the last quarter. Interval Partners LP boosted its position in shares of Vulcan Materials by 82.9% during the 3rd quarter. Interval Partners LP now owns 152,645 shares of the construction company’s stock valued at $46,957,000 after purchasing an additional 69,189 shares in the last quarter. Finally, Cibc World Market Inc. bought a new stake in shares of Vulcan Materials during the 3rd quarter valued at about $12,834,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. DA Davidson cut their target price on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Citigroup cut their target price on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Wells Fargo & Company upped their target price on Vulcan Materials from $305.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Zacks Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Wall Street Zen raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Hold” and an average price target of $326.92.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $281.49 on Friday. The company has a market cap of $36.53 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. The business has a 50 day moving average price of $281.77 and a 200-day moving average price of $290.24. 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 issued its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25. The firm had revenue of $1.76 billion during 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 company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 earnings per share. Equities analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

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

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.