Nordea Investment Management AB Has $151.44 Million Stake in Vulcan Materials (NYSE:VMC)

Nordea Investment Management AB increased its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 585,596 shares of the construction company's stock after buying an additional 27,102 shares during the period. Nordea Investment Management AB owned 0.44% of Vulcan Materials worth $151,435,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of Vulcan Materials during the 3rd quarter valued at $811,000. Franklin Resources Inc. grew its stake in shares of Vulcan Materials by 284.9% during the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company's stock worth $11,104,000 after purchasing an additional 33,051 shares during the period. Dimensional Fund Advisors LP increased its holdings in Vulcan Materials by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company's stock valued at $331,404,000 after purchasing an additional 43,294 shares during the last quarter. Tower Bridge Advisors lifted its stake in Vulcan Materials by 64.5% in the third quarter. Tower Bridge Advisors now owns 4,936 shares of the construction company's stock valued at $1,236,000 after buying an additional 1,936 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Vulcan Materials by 5.6% during the second quarter. Envestnet Asset Management Inc. now owns 250,428 shares of the construction company's stock worth $62,276,000 after buying an additional 13,318 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Citigroup decreased their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a "buy" rating for the company in a report on Monday. Truist Financial boosted their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Stephens reaffirmed an "overweight" rating and set a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. Finally, Barclays increased their target price 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 equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Vulcan Materials currently has a consensus rating of "Moderate Buy" and an average target price of $288.83.

Vulcan Materials Stock Performance

Shares of VMC traded down $5.29 during trading hours on Tuesday, hitting $252.09. The company had a trading volume of 779,456 shares, compared to its average volume of 655,914. The business has a fifty day moving average of $275.63 and a 200-day moving average of $258.13. 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 firm has a market cap of $33.29 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 2.67 and a beta of 0.83. Vulcan Materials has a 12 month low of $219.73 and a 12 month high of $298.31.

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

Vulcan Materials Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Monday, November 4th. Vulcan Materials's dividend payout ratio is currently 29.02%.

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.