Advisors Asset Management Inc. increased its position in shares of Vulcan Materials (NYSE:VMC) by 23.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,126 shares of the construction company’s stock after purchasing an additional 7,395 shares during the quarter. Advisors Asset Management Inc.’s holdings in Vulcan Materials were worth $6,603,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in VMC. BlackRock Inc. boosted its holdings in Vulcan Materials by 16.0% during the fourth quarter. BlackRock Inc. now owns 9,604,008 shares of the construction company’s stock worth $1,424,373,000 after purchasing an additional 1,326,921 shares during the last quarter. Norges Bank bought a new stake in Vulcan Materials in the fourth quarter worth about $172,711,000. Junto Capital Management LP bought a new stake in Vulcan Materials in the fourth quarter worth about $53,643,000. Ceredex Value Advisors LLC bought a new stake in shares of Vulcan Materials in the fourth quarter valued at approximately $44,163,000. Finally, Carlson Capital L P bought a new stake in shares of Vulcan Materials in the fourth quarter valued at approximately $41,409,000. Institutional investors and hedge funds own 85.79% of the company’s stock.
In other news, VP Randy L. Pigg sold 216 shares of the stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $169.73, for a total value of $36,661.68. Following the transaction, the vice president now owns 2,034 shares in the company, valued at approximately $345,230.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by corporate insiders.
Shares of VMC stock opened at $183.93 on Thursday. Vulcan Materials has a one year low of $106.98 and a one year high of $194.17. The company’s 50-day moving average is $181.45 and its 200 day moving average is $161.45. The company has a market capitalization of $24.40 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 1.66 and a beta of 0.59. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.74 and a current ratio of 3.52.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Tuesday, May 4th. The construction company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.24. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.02 billion. Vulcan Materials had a net margin of 14.05% and a return on equity of 11.00%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. As a group, research analysts predict that Vulcan Materials will post 5.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 11th. Stockholders of record on Friday, May 28th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, May 27th. Vulcan Materials’s payout ratio is presently 31.62%.
Several analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Vulcan Materials from $173.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, May 17th. Truist boosted their price objective on shares of Vulcan Materials from $200.00 to $220.00 in a research note on Thursday, May 6th. Royal Bank of Canada boosted their price objective on shares of Vulcan Materials from $154.00 to $177.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 5th. Barclays boosted their price objective on shares of Vulcan Materials from $150.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, April 28th. They noted that the move was a valuation call. Finally, Truist Securities boosted their price objective on shares of Vulcan Materials from $200.00 to $220.00 in a research note on Thursday, May 6th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $165.44.
Vulcan Materials Profile
Vulcan Materials Company produces and supplies construction aggregate primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment 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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