99,520 Shares in Vulcan Materials Company $VMC Acquired by Milford Funds Ltd.

Milford Funds Ltd. acquired a new position in shares of Vulcan Materials Company (NYSE:VMC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 99,520 shares of the construction company’s stock, valued at approximately $28,385,000. Milford Funds Ltd. owned about 0.08% of Vulcan Materials at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Chesapeake Capital Corp IL increased its holdings in Vulcan Materials by 0.9% during the fourth quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock worth $1,059,000 after buying an additional 33 shares during the last quarter. Composition Wealth LLC increased its holdings in shares of Vulcan Materials by 3.5% in the fourth quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock valued at $289,000 after purchasing an additional 34 shares during the last quarter. United Capital Financial Advisors LLC increased its holdings in shares of Vulcan Materials by 1.2% in the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock valued at $952,000 after purchasing an additional 38 shares during the last quarter. Capital Investment Advisors LLC boosted its position in shares of Vulcan Materials by 5.5% in the fourth quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock valued at $206,000 after acquiring an additional 38 shares during the period. Finally, Truist Financial Corp boosted its position in shares of Vulcan Materials by 0.3% in the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock valued at $3,802,000 after acquiring an additional 38 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $286.21 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $282.62 and its two-hundred day simple moving average is $290.02. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The stock has a market cap of $37.14 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 2.02 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm earned $1.00 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. As a group, analysts forecast that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 22nd. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.73%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VMC. Citigroup reduced their price objective on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Oppenheimer began coverage on Vulcan Materials in a research note on Thursday, May 28th. They issued a “market perform” rating for the company. Truist Financial increased their target price on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Zacks Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Royal Bank Of Canada boosted their target price on shares of Vulcan Materials from $296.00 to $298.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.