Waverton Investment Management Ltd Acquires 38,329 Shares of Vulcan Materials (NYSE:VMC)

Waverton Investment Management Ltd increased its holdings in Vulcan Materials (NYSE:VMC) by 25.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,948 shares of the construction company’s stock after purchasing an additional 38,329 shares during the period. Vulcan Materials makes up 0.8% of Waverton Investment Management Ltd’s portfolio, making the stock its 29th biggest position. Waverton Investment Management Ltd owned about 0.14% of Vulcan Materials worth $47,302,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VMC. Ashton Thomas Securities LLC acquired a new stake in Vulcan Materials in the 3rd quarter valued at $30,000. Legacy Capital Wealth Partners LLC lifted its holdings in Vulcan Materials by 7.2% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 1,643 shares of the construction company’s stock valued at $412,000 after purchasing an additional 110 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in Vulcan Materials by 44.9% in the third quarter. Axxcess Wealth Management LLC now owns 4,325 shares of the construction company’s stock valued at $1,083,000 after buying an additional 1,340 shares in the last quarter. Sigma Planning Corp grew its stake in Vulcan Materials by 33.0% during the third quarter. Sigma Planning Corp now owns 2,577 shares of the construction company’s stock worth $645,000 after buying an additional 639 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its holdings in shares of Vulcan Materials by 100.2% during the third quarter. Mesirow Financial Investment Management Inc. now owns 3,834 shares of the construction company’s stock worth $960,000 after buying an additional 1,919 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VMC shares. Stephens cut their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. UBS Group assumed coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price for the company. Barclays raised their price target on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and an average price target of $280.46.

Vulcan Materials Stock Performance

NYSE VMC opened at $292.04 on Tuesday. The firm has a market capitalization of $38.57 billion, a P/E ratio of 46.06, a price-to-earnings-growth ratio of 2.81 and a beta of 0.81. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The firm’s fifty day moving average price is $251.73 and its two-hundred day moving average price is $253.13. Vulcan Materials has a 1 year low of $209.39 and a 1 year high of $298.31.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the company posted $2.29 earnings per share. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. As a group, research analysts anticipate that Vulcan Materials will post 7.2 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 annualized dividend and a dividend yield of 0.63%. Vulcan Materials’s dividend payout ratio is currently 29.02%.

About Vulcan Materials

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.