Andra AP fonden Acquires 10,900 Shares of Vulcan Materials (NYSE:VMC)

Andra AP fonden lifted its holdings in shares of Vulcan Materials (NYSE:VMC) by 1,211.1% during the 2nd quarter, Holdings Channel reports. The firm owned 11,800 shares of the construction company’s stock after purchasing an additional 10,900 shares during the quarter. Andra AP fonden’s holdings in Vulcan Materials were worth $2,934,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in VMC. Contravisory Investment Management Inc. lifted its stake in Vulcan Materials by 1.6% in the first quarter. Contravisory Investment Management Inc. now owns 2,579 shares of the construction company’s stock valued at $704,000 after buying an additional 40 shares during the period. Commerce Bank lifted its position in shares of Vulcan Materials by 1.0% during the 4th quarter. Commerce Bank now owns 4,442 shares of the construction company’s stock valued at $1,008,000 after acquiring an additional 43 shares during the period. UMB Bank n.a. boosted its stake in Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after acquiring an additional 47 shares in the last quarter. Monetary Management Group Inc. grew its holdings in Vulcan Materials by 2.3% in the second quarter. Monetary Management Group Inc. now owns 2,250 shares of the construction company’s stock worth $560,000 after purchasing an additional 50 shares during the period. Finally, Covestor Ltd increased its stake in Vulcan Materials by 13.6% in the first quarter. Covestor Ltd now owns 425 shares of the construction company’s stock valued at $116,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VMC. Loop Capital reduced their target price on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Stephens reduced their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Truist Financial lowered their target price on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Citigroup reduced their price target on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Royal Bank of Canada lowered their price objective on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.73.

Vulcan Materials Stock Up 1.4 %

Vulcan Materials stock opened at $236.27 on Friday. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $278.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48. The firm’s 50-day simple moving average is $248.54 and its 200 day simple moving average is $256.41. The stock has a market cap of $31.20 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.13 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. Vulcan Materials’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.29 EPS. Research analysts predict that Vulcan Materials will post 7.82 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a $0.46 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.78%. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.86%.

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.