Asset Management One Co. Ltd. Has $19.75 Million Stock Position in Vulcan Materials (NYSE:VMC)

Asset Management One Co. Ltd. lifted its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,310 shares of the construction company's stock after buying an additional 11,129 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of Vulcan Materials worth $19,746,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Ashton Thomas Securities LLC bought a new stake in shares of Vulcan Materials during the 3rd quarter valued at $30,000. Concord Wealth Partners bought a new stake in Vulcan Materials in the third quarter valued at about $35,000. Washington Trust Advisors Inc. lifted its stake in Vulcan Materials by 240.4% in the third 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 bought a new position in Vulcan Materials during the third quarter worth about $42,000. 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 buying an additional 108 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VMC. Royal Bank of Canada increased their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research report on Wednesday. Citigroup reduced their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Truist Financial upped their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, November 1st. UBS Group began coverage on Vulcan Materials in a report on Thursday, November 7th. They set a "buy" rating and a $349.00 target price on the stock. Finally, Stephens restated an "overweight" rating and issued a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $303.82.

Vulcan Materials Stock Down 2.9 %

Shares of NYSE:VMC traded down $7.92 during trading on Wednesday, hitting $264.84. 987,554 shares of the company were exchanged, compared to its average volume of 735,108. The stock has a market cap of $34.98 billion, a price-to-earnings ratio of 41.77, a P/E/G ratio of 2.09 and a beta of 0.84. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average price of $267.35 and a two-hundred day moving average price of $261.43. Vulcan Materials has a fifty-two week low of $225.36 and a fifty-two week high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.41. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the company earned $1.46 earnings per share. As a group, research analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.49 dividend. The ex-dividend date is Monday, March 10th. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a dividend yield of 0.74%. Vulcan Materials's dividend payout ratio 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.