Vulcan Materials (NYSE:VMC) Position Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 37.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,573 shares of the construction company's stock after purchasing an additional 2,615 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Vulcan Materials were worth $2,396,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VMC. Wealth Enhancement Advisory Services LLC increased its position in Vulcan Materials by 2.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,044 shares of the construction company's stock worth $1,923,000 after buying an additional 193 shares during the period. State of Alaska Department of Revenue increased its position in Vulcan Materials by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 14,416 shares of the construction company's stock worth $3,934,000 after buying an additional 65 shares during the period. First Trust Direct Indexing L.P. increased its position in Vulcan Materials by 18.3% during the first quarter. First Trust Direct Indexing L.P. now owns 4,197 shares of the construction company's stock worth $1,145,000 after buying an additional 649 shares during the period. Maryland State Retirement & Pension System increased its position in Vulcan Materials by 2.8% during the first quarter. Maryland State Retirement & Pension System now owns 10,396 shares of the construction company's stock worth $2,664,000 after buying an additional 281 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Vulcan Materials by 13.4% during the first 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 period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Down 0.8 %

Vulcan Materials stock traded down $2.30 during trading on Thursday, reaching $273.93. 1,422,574 shares of the company's stock were exchanged, compared to its average volume of 834,615. The company's 50-day moving average is $246.87 and its two-hundred day moving average is $252.02. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48. Vulcan Materials has a 52-week low of $195.70 and a 52-week high of $279.47. The firm has a market cap of $36.18 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.35 and a beta of 0.82.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly 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 12.19% and a net margin of 12.07%. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period last year, the company posted $2.29 earnings per share. The firm's revenue for the quarter was down 8.3% on a year-over-year basis. On average, analysts predict that Vulcan Materials will post 7.58 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.67%. Vulcan Materials's payout ratio is currently 26.86%.

Analysts Set New Price Targets

Several research analysts have commented on VMC shares. Stephens cut their price target on Vulcan Materials from $300.00 to $280.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Truist Financial dropped their target price on Vulcan Materials from $320.00 to $300.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. dropped their target price on Vulcan Materials from $250.00 to $245.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. Barclays upped their price objective on Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Citigroup cut their price target on Vulcan Materials from $297.00 to $292.00 and set a "buy" rating for the company in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $273.50.

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.