Brasada Capital Management LP Invests $5.41 Million in Vulcan Materials Company $VMC

Brasada Capital Management LP acquired a new stake in Vulcan Materials Company (NYSE:VMC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,353 shares of the construction company’s stock, valued at approximately $5,414,000.

A number of other institutional investors have also recently made changes to their positions in VMC. Brighton Jones LLC purchased a new stake in shares of Vulcan Materials during the fourth quarter worth $497,000. NewEdge Advisors LLC boosted its holdings in Vulcan Materials by 3.9% in the first quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock valued at $1,017,000 after purchasing an additional 163 shares during the period. Empowered Funds LLC grew its stake in Vulcan Materials by 6.3% during the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock worth $745,000 after purchasing an additional 190 shares in the last quarter. Focus Partners Wealth grew its stake in Vulcan Materials by 28.5% during the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock worth $775,000 after purchasing an additional 736 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Vulcan Materials by 31.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock worth $78,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the sale, the senior vice president owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This trade represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is owned by corporate insiders.

Vulcan Materials Stock Up 0.1%

Shares of NYSE VMC opened at $274.03 on Friday. The business has a 50-day moving average of $287.31 and a two-hundred day moving average of $286.36. The company has a market capitalization of $35.51 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the business posted $2.42 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts forecast that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, August 13th. Vulcan Materials’s dividend payout ratio is currently 24.56%.

Analyst Ratings Changes

A number of research firms have issued reports on VMC. Berenberg Bank set a $283.00 price target on Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, June 2nd. Stifel Nicolaus set a $333.00 price objective on Vulcan Materials in a research report on Thursday, April 30th. Oppenheimer started coverage on shares of Vulcan Materials in a research note on Thursday, May 28th. They set a “market perform” rating on the stock. Royal Bank Of Canada raised their target price on shares of Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, Stephens lifted their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $328.64.

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.