Tredje AP fonden Cuts Stock Position in Vulcan Materials (NYSE:VMC)

Tredje AP fonden lessened its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,492 shares of the construction company's stock after selling 10,492 shares during the period. Tredje AP fonden's holdings in Vulcan Materials were worth $2,699,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in shares of Vulcan Materials by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock valued at $1,332,431,000 after purchasing an additional 884,580 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Vulcan Materials by 28,529.4% in the 4th quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company's stock valued at $134,694,000 after purchasing an additional 521,802 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Vulcan Materials in the 4th quarter valued at $74,760,000. HighTower Advisors LLC increased its stake in shares of Vulcan Materials by 125.0% in the 4th quarter. HighTower Advisors LLC now owns 335,984 shares of the construction company's stock valued at $86,425,000 after purchasing an additional 186,641 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Vulcan Materials by 32.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company's stock valued at $184,353,000 after purchasing an additional 178,634 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

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Analyst Upgrades and Downgrades

VMC has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. Morgan Stanley raised their price objective on Vulcan Materials from $295.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Stifel Nicolaus initiated coverage on Vulcan Materials in a report on Tuesday, March 4th. They set a "buy" rating and a $287.00 price objective on the stock. Raymond James cut their price objective on Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating on the stock in a report on Thursday, January 16th. Finally, Citigroup cut their target price on Vulcan Materials from $325.00 to $301.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $303.08.

Vulcan Materials Stock Up 0.5 %

Vulcan Materials stock traded up $1.28 during midday trading on Tuesday, reaching $236.36. The stock had a trading volume of 1,129,663 shares, compared to its average volume of 819,174. Vulcan Materials has a 12 month low of $215.08 and a 12 month high of $298.31. The company has a market capitalization of $31.23 billion, a P/E ratio of 34.51, a PEG ratio of 2.03 and a beta of 0.80. The company has a fifty day moving average price of $257.85 and a two-hundred day moving average price of $260.69. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60.

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

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.49 per share. This is a boost from Vulcan Materials's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.83%. Vulcan Materials's payout ratio is presently 28.61%.

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.