Vulcan Materials (NYSE:VMC) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group boosted its stake in Vulcan Materials (NYSE:VMC - Free Report) by 11.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 188,441 shares of the construction company's stock after acquiring an additional 19,020 shares during the quarter. Schroder Investment Management Group owned 0.14% of Vulcan Materials worth $48,473,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VMC. Allianz SE purchased a new stake in shares of Vulcan Materials during the fourth quarter worth about $2,572,000. Valley Forge Investment Consultants Inc. ADV purchased a new stake in Vulcan Materials during the 4th quarter worth approximately $367,000. Allstate Corp acquired a new position in shares of Vulcan Materials during the fourth quarter valued at approximately $993,000. Brown Brothers Harriman & Co. lifted its position in shares of Vulcan Materials by 15.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 157,584 shares of the construction company's stock valued at $40,535,000 after acquiring an additional 20,847 shares in the last quarter. Finally, DnB Asset Management AS boosted its stake in shares of Vulcan Materials by 6.4% in the fourth quarter. DnB Asset Management AS now owns 26,086 shares of the construction company's stock worth $6,710,000 after acquiring an additional 1,568 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Vulcan Materials Trading Up 1.2 %

VMC traded up $2.89 on Wednesday, hitting $240.16. The company had a trading volume of 708,040 shares, compared to its average volume of 873,928. The company's fifty day moving average price is $251.73 and its 200 day moving average price is $260.64. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The firm has a market cap of $31.77 billion, a P/E ratio of 35.06, a PEG ratio of 2.03 and a beta of 0.80.

Remove Ads

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business posted $1.46 EPS. As a group, equities analysts expect that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.49 dividend. The ex-dividend date was Monday, March 10th. This is a boost from Vulcan Materials's previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.82%. Vulcan Materials's payout ratio is presently 28.61%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Seaport Res Ptn upgraded Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank of Canada raised their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 19th. Stephens reaffirmed an "overweight" rating and set a $325.00 price objective on shares of Vulcan Materials in a research note on Thursday, January 2nd. Morgan Stanley raised their target price on shares of Vulcan Materials from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. upgraded Vulcan Materials from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $290.00 to $285.00 in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Vulcan Materials has an average rating of "Moderate Buy" and a consensus target price of $305.58.

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.