KBC Group NV Has $28.12 Million Stock Position in Vulcan Materials (NYSE:VMC)

KBC Group NV increased its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 111.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 112,295 shares of the construction company's stock after purchasing an additional 59,228 shares during the period. KBC Group NV owned 0.09% of Vulcan Materials worth $28,122,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of VMC. Cetera Advisors LLC grew its stake in Vulcan Materials by 118.1% in the 1st quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company's stock valued at $1,132,000 after buying an additional 2,245 shares during the last quarter. Mather Group LLC. lifted its holdings in Vulcan Materials by 16.1% during the 2nd quarter. Mather Group LLC. now owns 491 shares of the construction company's stock worth $134,000 after purchasing an additional 68 shares during the last quarter. Raymond James & Associates lifted its holdings in Vulcan Materials by 3.0% during the 2nd quarter. Raymond James & Associates now owns 202,539 shares of the construction company's stock worth $50,367,000 after purchasing an additional 5,979 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in Vulcan Materials by 150.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,006 shares of the construction company's stock valued at $1,093,000 after purchasing an additional 2,404 shares during the period. Finally, Tidal Investments LLC grew its holdings in Vulcan Materials by 87.1% in the 1st quarter. Tidal Investments LLC now owns 9,591 shares of the construction company's stock valued at $2,618,000 after buying an additional 4,466 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock traded down $3.40 during midday trading on Friday, hitting $279.28. 669,613 shares of the company traded hands, compared to its average volume of 1,057,878. The firm's fifty day moving average price is $256.67 and its 200-day moving average price is $254.12. The stock has a market cap of $36.88 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 2.72 and a beta of 0.81. Vulcan Materials has a 12 month low of $209.39 and a 12 month 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 posted its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts' consensus estimates of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm posted $2.29 EPS. The business's quarterly revenue was down 8.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Vulcan Materials will post 7.2 earnings per share for the current year.

Vulcan Materials Announces Dividend

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

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their target price on Vulcan Materials from $250.00 to $245.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. UBS Group assumed coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a "buy" rating and a $349.00 price objective for the company. StockNews.com raised shares of Vulcan Materials from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Truist Financial boosted 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. Finally, Citigroup lowered their price objective on Vulcan Materials from $297.00 to $292.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $280.46.

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.