Vulcan Materials Company $VMC Stake Reduced by Regents Gate Capital LLP

Regents Gate Capital LLP trimmed its holdings in Vulcan Materials Company (NYSE:VMC) by 6.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,264 shares of the construction company’s stock after selling 3,163 shares during the quarter. Vulcan Materials accounts for about 2.7% of Regents Gate Capital LLP’s portfolio, making the stock its 18th biggest holding. Regents Gate Capital LLP’s holdings in Vulcan Materials were worth $12,598,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. NBT Bank N A NY acquired a new position in shares of Vulcan Materials in the 4th quarter worth approximately $26,000. Birchwood Financial Partners Inc. acquired a new stake in Vulcan Materials during the fourth quarter valued at approximately $29,000. Godsey & Gibb Inc. bought a new stake in Vulcan Materials during the fourth quarter worth approximately $30,000. Measured Wealth Private Client Group LLC bought a new position in shares of Vulcan Materials in the third quarter valued at $30,000. Finally, WPG Advisers LLC increased its holdings in shares of Vulcan Materials by 56.4% in the fourth quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock valued at $35,000 after buying an additional 44 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VMC. Berenberg Bank set a $283.00 price objective on Vulcan Materials and gave the stock a “hold” rating in a research note on Tuesday, June 2nd. Wall Street Zen downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Barclays increased their price target on Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Citigroup dropped 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, Weiss Ratings restated a “buy (b-)” rating on shares of Vulcan Materials in a report on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $327.79.

Insiders Place Their Bets

In related news, SVP David P. Clement sold 2,212 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the sale, the senior vice president directly owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

Vulcan Materials Trading Down 1.6%

Vulcan Materials stock opened at $288.64 on Friday. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. The firm has a market capitalization of $37.45 billion, a price-to-earnings ratio of 34.32, a P/E/G ratio of 2.09 and a beta of 1.05. The company has a 50 day moving average price of $286.57 and a 200 day moving average price of $290.97.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.25. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 EPS. Research analysts forecast that Vulcan Materials Company will post 9.23 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s payout ratio is presently 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.