Elwood Capital Partners LP Takes Position in Vulcan Materials (NYSE:VMC)

Elwood Capital Partners LP bought a new stake in Vulcan Materials (NYSE:VMC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,750 shares of the construction company's stock, valued at approximately $965,000. Vulcan Materials makes up 0.9% of Elwood Capital Partners LP's holdings, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp acquired a new position in Vulcan Materials in the 4th quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new stake in Vulcan Materials during the 4th quarter worth approximately $31,000. Generali Asset Management SPA SGR acquired a new position in Vulcan Materials in the 4th quarter valued at approximately $32,000. UMB Bank n.a. lifted its holdings in shares of Vulcan Materials by 138.5% during the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company's stock worth $48,000 after purchasing an additional 108 shares during the period. Finally, Washington Trust Advisors Inc. grew its position in shares of Vulcan Materials by 30.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock valued at $54,000 after buying an additional 48 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Trading Up 1.2 %

Shares of VMC traded up $2.89 during trading hours on Wednesday, hitting $240.16. The company had a trading volume of 708,040 shares, compared to its average volume of 873,928. Vulcan Materials has a 52-week low of $215.08 and a 52-week high of $298.31. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. The stock's 50 day moving average price is $251.73 and its 200 day moving average price is $260.64. The firm has a market cap of $31.77 billion, a P/E ratio of 35.06, a P/E/G ratio of 2.03 and a beta of 0.80.

Remove Ads

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The firm had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the business earned $1.46 earnings per share. On average, research analysts predict that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a $0.49 dividend. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Monday, March 10th. Vulcan Materials's dividend payout ratio (DPR) is currently 28.61%.

Analyst Ratings Changes

Several analysts have recently commented on VMC shares. Loop Capital reduced their price objective on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday. Citigroup cut their price objective on Vulcan Materials from $325.00 to $301.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. raised Vulcan Materials from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $290.00 to $285.00 in a report on Wednesday, March 19th. Royal Bank of Canada boosted their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus initiated coverage on Vulcan Materials in a research report on Tuesday, March 4th. They set a "buy" rating and a $287.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Vulcan Materials presently has an average rating of "Moderate Buy" and a consensus target price of $305.58.

Vulcan Materials Company 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.