Point72 Europe London LLP Has $51.56 Million Position in Vulcan Materials (NYSE:VMC)

Point72 Europe London LLP increased its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 175.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,436 shares of the construction company's stock after buying an additional 127,549 shares during the quarter. Vulcan Materials accounts for about 3.0% of Point72 Europe London LLP's investment portfolio, making the stock its 7th largest position. Point72 Europe London LLP owned 0.15% of Vulcan Materials worth $51,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of VMC. Murphy & Mullick Capital Management Corp acquired a new position in Vulcan Materials during the 4th quarter worth about $30,000. SBI Securities Co. Ltd. bought a new position in shares of Vulcan Materials during the fourth quarter worth $31,000. Generali Asset Management SPA SGR acquired a new stake in shares of Vulcan Materials in the fourth quarter valued at approximately $32,000. Kapitalo Investimentos Ltda bought a new stake in shares of Vulcan Materials in the fourth quarter worth $35,000. Finally, UMB Bank n.a. boosted its holdings in 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 last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Trading Down 0.8%

Shares of Vulcan Materials stock opened at $266.56 on Thursday. The firm's 50 day moving average is $243.72 and its 200 day moving average is $260.41. The firm has a market capitalization of $35.21 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.20. The firm had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.64 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The company's revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Equities research analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.96 dividend on an annualized basis and a yield of 0.74%. Vulcan Materials's dividend payout ratio is currently 27.80%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Seaport Res Ptn upgraded Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. UBS Group downgraded Vulcan Materials from a "buy" rating to a "neutral" rating and cut their price objective for the company from $343.00 to $258.00 in a report on Monday, April 7th. Argus raised shares of Vulcan Materials to a "strong-buy" rating in a research note on Thursday, April 24th. Morgan Stanley boosted their target price on shares of Vulcan Materials from $273.00 to $303.00 and gave the stock an "equal weight" rating in a report on Monday. Finally, JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and cut their price target for the company from $290.00 to $285.00 in a research note on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $297.45.

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.

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