Barclays PLC Has $118.25 Million Stake in Vulcan Materials (NYSE:VMC)

Barclays PLC boosted its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 29.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 472,194 shares of the construction company's stock after acquiring an additional 106,187 shares during the quarter. Barclays PLC owned 0.36% of Vulcan Materials worth $118,251,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VMC. Principal Financial Group Inc. boosted its stake in Vulcan Materials by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock valued at $1,332,431,000 after purchasing an additional 884,580 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Vulcan Materials by 18.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company's stock valued at $533,551,000 after purchasing an additional 330,433 shares in the last quarter. Ceredex Value Advisors LLC boosted its stake in Vulcan Materials by 136.3% during the 3rd quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company's stock valued at $89,117,000 after purchasing an additional 205,260 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Vulcan Materials by 32.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company's stock valued at $184,353,000 after purchasing an additional 178,634 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Vulcan Materials by 1,191.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,005 shares of the construction company's stock valued at $39,541,000 after purchasing an additional 146,695 shares in 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 have issued reports on VMC. Truist Financial increased their price target on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 27th. UBS Group began coverage on Vulcan Materials in a research note on Thursday, November 7th. They set a "buy" rating and a $349.00 price objective for the company. StockNews.com raised Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Finally, Barclays raised their price objective on Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $283.92.

Vulcan Materials Stock Performance

Shares of NYSE:VMC traded up $3.25 during midday trading on Wednesday, hitting $279.56. The company's stock had a trading volume of 744,965 shares, compared to its average volume of 833,470. The stock has a market capitalization of $36.92 billion, a price-to-earnings ratio of 44.10, a PEG ratio of 2.77 and a beta of 0.81. The stock's 50 day simple moving average is $270.10 and its 200 day simple moving average is $256.37. Vulcan Materials has a fifty-two week low of $218.37 and a fifty-two week high of $298.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share 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 firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business posted $2.29 EPS. Vulcan Materials's revenue for the quarter was down 8.3% compared to the same quarter last year. As a group, research analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials's payout ratio is presently 29.02%.

About Vulcan Materials

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.