Skandinaviska Enskilda Banken AB publ Has $7.17 Million Stock Holdings in Vulcan Materials (NYSE:VMC)

Skandinaviska Enskilda Banken AB publ lifted its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,785 shares of the construction company's stock after acquiring an additional 1,200 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Vulcan Materials were worth $7,173,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Vulcan Materials by 19.9% during the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock worth $1,332,431,000 after purchasing an additional 884,580 shares during the period. Proficio Capital Partners LLC grew its position in shares of Vulcan Materials by 28,529.4% during the 4th quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company's stock valued at $134,694,000 after buying an additional 521,802 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Vulcan Materials during the fourth quarter worth about $74,760,000. HighTower Advisors LLC lifted its holdings in Vulcan Materials by 125.0% in the fourth quarter. HighTower Advisors LLC now owns 335,984 shares of the construction company's stock worth $86,425,000 after acquiring an additional 186,641 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Vulcan Materials by 32.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company's stock worth $184,353,000 after acquiring an additional 178,634 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on VMC shares. Royal Bank of Canada increased their price target on Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 19th. Citigroup dropped their target price on Vulcan Materials from $325.00 to $301.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Stifel Nicolaus assumed coverage on shares of Vulcan Materials in a report on Tuesday, March 4th. They set a "buy" rating and a $287.00 price target for the company. JPMorgan Chase & Co. raised shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $290.00 to $285.00 in a report on Wednesday. Finally, Morgan Stanley boosted their target price on shares of Vulcan Materials from $295.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $302.67.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock traded up $4.88 during trading on Wednesday, hitting $241.38. The stock had a trading volume of 1,138,098 shares, compared to its average volume of 819,666. The business has a fifty day moving average of $257.53 and a two-hundred day moving average of $260.63. Vulcan Materials has a fifty-two week low of $215.08 and a fifty-two week high of $298.31. The firm has a market cap of $31.89 billion, a P/E ratio of 35.24, a PEG ratio of 2.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02.

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

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.81%. This is a boost from Vulcan Materials's previous quarterly dividend of $0.46. The ex-dividend date is Monday, March 10th. Vulcan Materials's dividend payout ratio (DPR) is presently 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.