Voya Investment Management LLC Has $97.65 Million Holdings in Vulcan Materials (NYSE:VMC)

Voya Investment Management LLC raised its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 178.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 379,874 shares of the construction company's stock after buying an additional 243,511 shares during the period. Voya Investment Management LLC owned about 0.29% of Vulcan Materials worth $97,652,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Vulcan Materials by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 16,352,507 shares of the construction company's stock valued at $4,206,355,000 after buying an additional 90,157 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Vulcan Materials by 13.9% during the fourth quarter. Principal Financial Group Inc. now owns 6,062,201 shares of the construction company's stock valued at $1,559,380,000 after acquiring an additional 741,631 shares during the period. Geode Capital Management LLC lifted its position in shares of Vulcan Materials by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 3,348,418 shares of the construction company's stock valued at $859,171,000 after acquiring an additional 36,833 shares in the last quarter. Norges Bank acquired a new position in Vulcan Materials in the 4th quarter worth approximately $380,369,000. Finally, Invesco Ltd. grew its position in Vulcan Materials by 9.1% during the 4th quarter. Invesco Ltd. now owns 1,163,900 shares of the construction company's stock worth $299,390,000 after purchasing an additional 96,724 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VMC has been the subject of a number of research analyst reports. Wolfe Research upgraded Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and decreased their price target for the stock from $290.00 to $285.00 in a report on Wednesday, March 19th. Royal Bank of Canada upped 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. Raymond James cut their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating on the stock in a research report on Thursday, January 16th. Finally, Stephens reissued an "overweight" rating and issued a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $293.64.

Vulcan Materials Stock Performance

Shares of NYSE:VMC traded down $1.54 during midday trading on Monday, hitting $245.50. The company's stock had a trading volume of 818,834 shares, compared to its average volume of 927,303. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. The stock's 50 day simple moving average is $238.89 and its 200 day simple moving average is $259.67. The stock has a market capitalization of $32.47 billion, a price-to-earnings ratio of 35.84, a PEG ratio of 2.03 and a beta of 0.80. Vulcan Materials has a fifty-two week low of $215.08 and a fifty-two week high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.76 by $0.41. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate 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 business posted $1.46 EPS. As a group, research analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.80%. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, March 10th. Vulcan Materials's dividend payout ratio (DPR) is currently 28.61%.

Vulcan Materials Company 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.