Chilton Investment Co. Inc. Acquires New Holdings in Vulcan Materials Company $VMC

Chilton Investment Co. Inc. bought a new stake in Vulcan Materials Company (NYSE:VMC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,969 shares of the construction company’s stock, valued at approximately $606,000.

Several other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC purchased a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $497,000. NewEdge Advisors LLC boosted its position in shares of Vulcan Materials by 3.9% during the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock worth $1,017,000 after purchasing an additional 163 shares during the period. Empowered Funds LLC boosted its position in shares of 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 during the period. Focus Partners Wealth increased its holdings in Vulcan Materials by 28.5% in the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock valued at $775,000 after purchasing an additional 736 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Vulcan Materials by 31.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock valued at $78,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $265.50 on Monday. The firm has a 50 day moving average of $302.31 and a two-hundred day moving average of $296.85. The stock has a market capitalization of $34.67 billion, a PE ratio of 32.70, a P/E/G ratio of 1.85 and a beta of 1.05. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 52 week low of $218.87 and a 52 week high of $331.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Vulcan Materials had a return on equity of 12.56% and a net margin of 13.56%.The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.17 EPS. On average, research analysts predict that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be issued a dividend of $0.52 per share. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date is Monday, March 9th. This represents a $2.08 annualized dividend and a yield of 0.8%. Vulcan Materials’s dividend payout ratio (DPR) is currently 25.62%.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,137 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $303.72, for a total value of $345,329.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on VMC. Zacks Research cut Vulcan Materials from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Morgan Stanley lifted their price objective on Vulcan Materials from $321.00 to $322.00 and gave the company an “equal weight” rating in a research note on Monday, March 9th. B. Riley Financial began coverage on Vulcan Materials in a report on Thursday, January 15th. They issued a “buy” rating and a $345.00 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Vulcan Materials in a research note on Tuesday, January 27th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $326.29.

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.