Vaughan Nelson Investment Management L.P. Has $59.76 Million Position in Vulcan Materials (NYSE:VMC)

Vaughan Nelson Investment Management L.P. raised its stake in Vulcan Materials (NYSE:VMC - Free Report) by 15.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 238,620 shares of the construction company's stock after acquiring an additional 31,131 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.18% of Vulcan Materials worth $59,757,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. SouthState Corp grew its holdings in shares of Vulcan Materials by 669.2% during the second quarter. SouthState Corp now owns 100 shares of the construction company's stock worth $25,000 after purchasing an additional 87 shares during the last quarter. Kings Path Partners LLC bought a new stake in shares of Vulcan Materials during the second quarter worth $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Vulcan Materials during the third quarter worth $30,000. UMB Bank n.a. lifted its stake in shares of Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company's stock valued at $31,000 after acquiring an additional 47 shares during the period. Finally, Concord Wealth Partners acquired a new position in shares of Vulcan Materials during the third quarter valued at $35,000. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VMC has been the topic of several research reports. Royal Bank of Canada cut their price target on Vulcan Materials from $267.00 to $257.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 7th. StockNews.com raised Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Barclays upped their price target on Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Stephens cut 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, JPMorgan Chase & Co. cut their target price on Vulcan Materials from $250.00 to $245.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $280.46.

Vulcan Materials Stock Down 1.2 %

Shares of NYSE:VMC traded down $3.40 during mid-day trading on Friday, reaching $279.28. 669,613 shares of the stock were exchanged, compared to its average volume of 1,057,878. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The company has a market cap of $36.88 billion, a P/E ratio of 44.05, a P/E/G ratio of 2.68 and a beta of 0.81. Vulcan Materials has a one year low of $209.39 and a one year high of $298.31. The stock's 50 day simple moving average is $256.67 and its 200-day simple moving average is $254.09.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted 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). The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.29 earnings per share. As a group, equities research analysts predict that Vulcan Materials will post 7.2 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders 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 dividend yield of 0.66%. Vulcan Materials's payout ratio is 29.02%.

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.