Nomura Asset Management Co. Ltd. Has $9.71 Million Holdings in Vulcan Materials (NYSE:VMC)

Nomura Asset Management Co. Ltd. grew its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 5.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,777 shares of the construction company's stock after buying an additional 1,968 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Vulcan Materials were worth $9,711,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VMC. Sequoia Financial Advisors LLC increased its stake in Vulcan Materials by 10.6% during the second quarter. Sequoia Financial Advisors LLC now owns 1,943 shares of the construction company's stock worth $483,000 after acquiring an additional 187 shares during the last quarter. Diversified Trust Co increased its position in Vulcan Materials by 12.1% during the 2nd quarter. Diversified Trust Co now owns 1,589 shares of the construction company's stock worth $395,000 after purchasing an additional 171 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Vulcan Materials by 10.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,784 shares of the construction company's stock valued at $1,936,000 after buying an additional 740 shares during the period. PGGM Investments lifted its position in Vulcan Materials by 65.4% during the second quarter. PGGM Investments now owns 1,211 shares of the construction company's stock valued at $301,000 after buying an additional 479 shares in the last quarter. Finally, Oakworth Capital Inc. grew its stake in Vulcan Materials by 3.7% during the second quarter. Oakworth Capital Inc. now owns 4,238 shares of the construction company's stock worth $1,054,000 after buying an additional 150 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

Vulcan Materials stock traded down $1.45 during midday trading on Thursday, hitting $278.11. The company's stock had a trading volume of 689,672 shares, compared to its average volume of 832,872. Vulcan Materials has a 12 month low of $218.37 and a 12 month high of $298.31. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The stock's 50-day moving average price is $270.88 and its 200-day moving average price is $256.53. The company has a market capitalization of $36.73 billion, a PE ratio of 43.82, a price-to-earnings-growth ratio of 2.77 and a beta of 0.81.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly 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). The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. Vulcan Materials's quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 EPS. Analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

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

Analysts Set New Price Targets

VMC has been the subject of several analyst reports. Barclays upped their target price on Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Truist Financial increased 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. StockNews.com upgraded shares of Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Vulcan Materials from $245.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Vulcan Materials has an average rating of "Moderate Buy" and an average price target of $283.92.

Vulcan Materials 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.