Nordea Investment Management AB raised its stake in shares of Vulcan Materials (NYSE:VMC – Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 585,596 shares of the construction company’s stock after acquiring an additional 27,102 shares during the period. Nordea Investment Management AB owned approximately 0.44% of Vulcan Materials worth $151,435,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Vulcan Materials during the third quarter valued at approximately $30,000. Concord Wealth Partners purchased a new stake in Vulcan Materials during the 3rd quarter valued at $35,000. Washington Trust Advisors Inc. lifted its holdings in shares of Vulcan Materials by 240.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after buying an additional 113 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Vulcan Materials in the 3rd quarter worth $42,000. Finally, Asset Dedication LLC grew its holdings in shares of Vulcan Materials by 146.5% in the third quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after acquiring an additional 104 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.
Wall Street Analysts Forecast Growth
VMC has been the topic of a number of recent research reports. UBS Group started coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price on the stock. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Citigroup reduced their target price on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a report on Monday. Truist Financial lifted their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Stephens reissued an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $288.83.
Vulcan Materials Trading Up 0.1 %
Shares of VMC stock opened at $257.27 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The stock has a fifty day simple moving average of $275.78 and a two-hundred day simple moving average of $258.10. The firm has a market capitalization of $33.98 billion, a PE ratio of 40.58, a PEG ratio of 2.67 and a beta of 0.83. Vulcan Materials has a 52-week low of $219.73 and a 52-week high of $298.31.
Vulcan Materials (NYSE:VMC – Get Free Report) last released its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business posted $2.29 EPS. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, analysts predict that Vulcan Materials will post 7.16 EPS for the current fiscal year.
Vulcan Materials Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is presently 29.02%.
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.
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