APG Asset Management N.V. Raises Stake in Vulcan Materials (NYSE:VMC)

APG Asset Management N.V. lifted its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 8.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 253,895 shares of the construction company's stock after acquiring an additional 19,573 shares during the period. APG Asset Management N.V. owned approximately 0.19% of Vulcan Materials worth $58,912,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Capital World Investors purchased a new position in Vulcan Materials in the 1st quarter worth $388,027,000. Vanguard Group Inc. increased its holdings in shares of Vulcan Materials by 5.0% in the first quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company's stock valued at $4,368,273,000 after purchasing an additional 755,991 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Vulcan Materials by 271.0% during the fourth quarter. Point72 Asset Management L.P. now owns 823,141 shares of the construction company's stock worth $186,861,000 after purchasing an additional 601,268 shares during the period. Nordea Investment Management AB raised its position in Vulcan Materials by 621.1% during the 1st quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company's stock worth $64,581,000 after buying an additional 203,166 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Vulcan Materials by 190.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 270,069 shares of the construction company's stock valued at $61,308,000 after acquiring an additional 177,085 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Down 0.5 %

Shares of VMC traded down $1.18 during mid-day trading on Friday, hitting $249.40. 19,859 shares of the company's stock were exchanged, compared to its average volume of 821,107. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $278.79. The company has a market cap of $32.94 billion, a price-to-earnings ratio of 36.57, a P/E/G ratio of 2.32 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48. The stock's 50-day moving average is $247.86 and its 200-day moving average is $255.16.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 EPS for the quarter, missing the consensus estimate of $2.47 by ($0.12). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm earned $2.29 EPS. The company's revenue was down 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that Vulcan Materials will post 7.73 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.46 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.74%. Vulcan Materials's payout ratio is currently 26.86%.

Analysts Set New Price Targets

A number of research firms recently issued reports on VMC. Truist Financial decreased their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada dropped their target price on Vulcan Materials from $267.00 to $257.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 7th. Loop Capital decreased their price target on Vulcan Materials from $305.00 to $285.00 and set a "buy" rating for the company in a report on Wednesday, July 3rd. Citigroup dropped their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Finally, Stephens decreased their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $274.73.

Vulcan Materials Company 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.