Vulcan Materials (NYSE:VMC) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB raised its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 621.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 235,879 shares of the construction company's stock after acquiring an additional 203,166 shares during the period. Nordea Investment Management AB owned approximately 0.18% of Vulcan Materials worth $64,581,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Fidelis Capital Partners LLC increased its holdings in shares of Vulcan Materials by 29.8% during the 1st quarter. Fidelis Capital Partners LLC now owns 4,484 shares of the construction company's stock worth $1,224,000 after buying an additional 1,029 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Vulcan Materials by 18.1% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,662 shares of the construction company's stock worth $999,000 after buying an additional 560 shares during the last quarter. Moloney Securities Asset Management LLC acquired a new stake in shares of Vulcan Materials during the 1st quarter worth approximately $914,000. BNP Paribas Financial Markets increased its holdings in shares of Vulcan Materials by 13.4% during the 1st quarter. BNP Paribas Financial Markets now owns 76,356 shares of the construction company's stock worth $20,839,000 after buying an additional 9,031 shares during the last quarter. Finally, Concord Wealth Partners acquired a new stake in shares of Vulcan Materials during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Stock Performance

Shares of NYSE:VMC traded up $0.30 during midday trading on Tuesday, hitting $242.27. The stock had a trading volume of 796,439 shares, compared to its average volume of 768,864. The company has a market capitalization of $32.04 billion, a PE ratio of 35.37, a P/E/G ratio of 1.83 and a beta of 0.82. The stock has a 50 day moving average price of $255.05 and a two-hundred day moving average price of $250.86. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. Vulcan Materials has a 1 year low of $190.51 and a 1 year high of $276.58.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.11). The company had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The firm's quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 EPS. As a group, equities analysts predict that Vulcan Materials will post 8.48 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, May 23rd. Vulcan Materials's dividend payout ratio is currently 26.86%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VMC. Loop Capital cut their price target on shares of Vulcan Materials from $305.00 to $285.00 and set a "buy" rating for the company in a report on Wednesday, July 3rd. Truist Financial increased their price objective on shares of Vulcan Materials from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Tuesday, April 2nd. Jefferies Financial Group increased their price objective on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a "buy" rating in a research report on Thursday, April 18th. Royal Bank of Canada increased their price objective on shares of Vulcan Materials from $269.00 to $272.00 and gave the stock a "sector perform" rating in a research report on Friday, May 3rd. Finally, Citigroup increased their price objective on shares of Vulcan Materials from $263.00 to $322.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Vulcan Materials currently has a consensus rating of "Moderate Buy" and a consensus target price of $279.00.

Insider Buying and Selling

In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of the company's stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $272.95, for a total value of $2,347,370.00. Following the sale, the president now owns 1,300 shares of the company's stock, valued at $354,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of the company's stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $272.95, for a total value of $2,347,370.00. Following the sale, the president now owns 1,300 shares of the company's stock, valued at $354,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David P. Clement sold 1,000 shares of the company's stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $254.50, for a total transaction of $254,500.00. Following the completion of the sale, the senior vice president now directly owns 2,660 shares in the company, valued at approximately $676,970. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,210 shares of company stock valued at $4,653,520. Corporate insiders own 0.61% of the company's stock.

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.