Brasada Capital Management LP Buys 44 Shares of Vulcan Materials (NYSE:VMC)

Brasada Capital Management LP lifted its stake in shares of Vulcan Materials (NYSE:VMC) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,980 shares of the construction company’s stock after acquiring an additional 44 shares during the quarter. Brasada Capital Management LP’s holdings in Vulcan Materials were worth $5,089,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Daiwa Securities Group Inc. increased its holdings in Vulcan Materials by 14.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 33,594 shares of the construction company’s stock worth $8,354,000 after purchasing an additional 4,295 shares during the period. Andra AP fonden increased its stake in shares of Vulcan Materials by 1,211.1% during the second quarter. Andra AP fonden now owns 11,800 shares of the construction company’s stock valued at $2,934,000 after buying an additional 10,900 shares during the period. Royal London Asset Management Ltd. raised its holdings in shares of Vulcan Materials by 2.6% in the second quarter. Royal London Asset Management Ltd. now owns 55,703 shares of the construction company’s stock valued at $13,852,000 after acquiring an additional 1,428 shares in the last quarter. Choreo LLC lifted its stake in Vulcan Materials by 107.0% in the second quarter. Choreo LLC now owns 4,885 shares of the construction company’s stock worth $1,193,000 after acquiring an additional 2,525 shares during the period. Finally, Wedbush Securities Inc. grew its holdings in Vulcan Materials by 9.8% during the 2nd quarter. Wedbush Securities Inc. now owns 3,934 shares of the construction company’s stock worth $978,000 after acquiring an additional 350 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of VMC stock opened at $232.95 on Wednesday. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $278.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48. The firm has a market capitalization of $30.76 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 2.13 and a beta of 0.82. The stock’s 50-day simple moving average is $248.90 and its 200-day simple moving average is $256.72.

Vulcan Materials (NYSE:VMC) last released its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing the consensus estimate of $2.47 by ($0.12). The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.29 EPS. As a group, equities analysts forecast that Vulcan Materials will post 7.82 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were paid a $0.46 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.79%. Vulcan Materials’s dividend payout ratio (DPR) is 26.86%.

Wall Street Analyst Weigh In

Several research firms have recently commented on VMC. Truist Financial reduced their price target on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Citigroup lowered their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Loop Capital cut their price target on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Royal Bank of Canada decreased their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Finally, Stephens dropped their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $274.73.

Vulcan Materials Profile

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.