UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in Vulcan Materials (NYSE:VMC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 32.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 736,146 shares of the construction company's stock after buying an additional 178,634 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.56% of Vulcan Materials worth $184,353,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Principal Financial Group Inc. boosted its holdings 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 in the last quarter. FMR LLC boosted its holdings in shares of Vulcan Materials by 2.2% during the 3rd quarter. FMR LLC now owns 3,660,931 shares of the construction company's stock valued at $916,807,000 after acquiring an additional 78,271 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Vulcan Materials by 18.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company's stock valued at $533,551,000 after acquiring an additional 330,433 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Vulcan Materials by 7.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,369,530 shares of the construction company's stock valued at $342,971,000 after acquiring an additional 91,318 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Vulcan Materials by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company's stock valued at $331,404,000 after acquiring an additional 43,294 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Ratings Changes

VMC has been the topic of several recent research reports. Stephens cut their price objective on Vulcan Materials from $300.00 to $280.00 and set an "overweight" rating on the stock in a report on Thursday, August 8th. StockNews.com raised Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Citigroup lowered their target price on Vulcan Materials from $297.00 to $292.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. UBS Group started coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a "buy" rating and a $349.00 target price for the company. Finally, Royal Bank of Canada lowered their target price on Vulcan Materials from $267.00 to $257.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $283.92.

Vulcan Materials Stock Up 0.6 %

Shares of VMC traded up $1.74 during trading hours on Friday, hitting $288.13. The stock had a trading volume of 355,153 shares, compared to its average volume of 806,363. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The firm has a 50 day simple moving average of $265.28 and a 200-day simple moving average of $255.27. The firm has a market capitalization of $38.05 billion, a P/E ratio of 45.45, a price-to-earnings-growth ratio of 2.79 and a beta of 0.81. Vulcan Materials has a 1-year low of $209.60 and a 1-year high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.34 by ($0.12). The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. Vulcan Materials's revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.29 EPS. Sell-side analysts predict that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.64%. Vulcan Materials's dividend payout ratio (DPR) is currently 29.02%.

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.