Wellington Management Group LLP Has $230,000 Position in Vulcan Materials (NYSE:VMC)

Wellington Management Group LLP decreased its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 99.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 918 shares of the construction company's stock after selling 491,805 shares during the period. Wellington Management Group LLP's holdings in Vulcan Materials were worth $230,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in 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 acquiring an additional 884,580 shares during the last quarter. State Street Corp boosted its holdings in Vulcan Materials by 1.2% during the third quarter. State Street Corp now owns 5,281,102 shares of the construction company's stock worth $1,322,546,000 after buying an additional 65,163 shares in the last quarter. FMR LLC grew its position in Vulcan Materials by 2.2% in the third quarter. FMR LLC now owns 3,660,931 shares of the construction company's stock worth $916,807,000 after buying an additional 78,271 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Vulcan Materials by 18.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company's stock worth $533,551,000 after buying an additional 330,433 shares during the last quarter. Finally, Stockbridge Partners LLC increased its holdings in shares of Vulcan Materials by 9.6% in the third quarter. Stockbridge Partners LLC now owns 1,568,564 shares of the construction company's stock valued at $392,815,000 after buying an additional 137,365 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Up 0.8 %

VMC traded up $2.21 during trading on Friday, reaching $263.13. 1,998,134 shares of the stock traded hands, compared to its average volume of 836,535. The stock's 50-day simple moving average is $274.90 and its two-hundred day simple moving average is $257.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. Vulcan Materials has a fifty-two week low of $218.37 and a fifty-two week high of $298.31. The stock has a market cap of $34.75 billion, a price-to-earnings ratio of 41.50, a price-to-earnings-growth ratio of 2.67 and a beta of 0.81.

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

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were paid a dividend of $0.46 per share. The ex-dividend date was Monday, November 4th. This represents a $1.84 annualized dividend and a dividend yield of 0.70%. Vulcan Materials's dividend payout ratio (DPR) is 29.02%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, November 27th. StockNews.com upgraded Vulcan Materials from a "sell" rating to a "hold" rating in a report on Friday, November 1st. UBS Group started coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a "buy" rating and a $349.00 target price for the company. Truist Financial boosted their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Barclays raised their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Vulcan Materials presently has a consensus rating of "Moderate Buy" and an average price target of $284.33.

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.