Robeco Institutional Asset Management B.V. Lowers Stake in Vulcan Materials (NYSE:VMC)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 83.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,084 shares of the construction company's stock after selling 123,077 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Vulcan Materials were worth $6,282,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors purchased a new stake in shares of Vulcan Materials during the 1st quarter worth approximately $388,027,000. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 755,991 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Vulcan Materials by 18.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company's stock worth $533,551,000 after purchasing an additional 330,433 shares during the last quarter. Ceredex Value Advisors LLC increased its position in shares of Vulcan Materials by 136.3% during the third quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company's stock worth $89,117,000 after purchasing an additional 205,260 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Vulcan Materials by 1,191.7% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,005 shares of the construction company's stock valued at $39,541,000 after purchasing an additional 146,695 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Vulcan Materials Price Performance

Shares of VMC traded up $1.48 on Friday, hitting $292.07. The company's stock had a trading volume of 363,232 shares, compared to its average volume of 845,607. The company has a market capitalization of $38.57 billion, a PE ratio of 45.83, a PEG ratio of 2.79 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. Vulcan Materials has a fifty-two week low of $208.09 and a fifty-two week high of $298.31. The company has a 50 day moving average price of $249.81 and a 200 day moving average price of $252.67.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business's revenue was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.29 EPS. On average, research analysts anticipate that Vulcan Materials will post 7.2 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.63%. Vulcan Materials's payout ratio is presently 29.02%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VMC shares. UBS Group began coverage on Vulcan Materials in a report on Thursday. They issued a "buy" rating and a $349.00 price objective for the company. Citigroup dropped their price target 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. Royal Bank of Canada lowered their target price on shares of Vulcan Materials from $267.00 to $257.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 7th. Stephens reduced their target price on Vulcan Materials from $300.00 to $280.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. Finally, Truist Financial lifted their price objective on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $280.46.

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.