Winslow Capital Management LLC Has $293.47 Million Position in Vulcan Materials (NYSE:VMC)

Winslow Capital Management LLC lessened its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,140,897 shares of the construction company's stock after selling 41,632 shares during the quarter. Winslow Capital Management LLC owned 0.86% of Vulcan Materials worth $293,473,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Vulcan Materials in the 4th quarter worth approximately $380,369,000. Principal Financial Group Inc. lifted its stake in shares of Vulcan Materials by 19.9% in 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 acquiring an additional 884,580 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Vulcan Materials by 28,529.4% in the fourth quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company's stock worth $134,694,000 after acquiring an additional 521,802 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Vulcan Materials in the fourth quarter valued at about $74,760,000. Finally, HighTower Advisors LLC increased its holdings in Vulcan Materials by 125.0% during the 4th quarter. HighTower Advisors LLC now owns 335,984 shares of the construction company's stock worth $86,425,000 after purchasing an additional 186,641 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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Vulcan Materials Price Performance

VMC traded up $0.10 during trading on Monday, reaching $242.40. The stock had a trading volume of 189,416 shares, compared to its average volume of 919,805. Vulcan Materials has a 1-year low of $215.08 and a 1-year high of $298.31. The firm has a market capitalization of $32.06 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. The stock has a 50 day moving average of $244.44 and a two-hundred day moving average of $259.69. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60.

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

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.49 per share. The ex-dividend date was Monday, March 10th. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.81%. Vulcan Materials's payout ratio is 28.61%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. UBS Group lowered shares of Vulcan Materials from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $343.00 to $258.00 in a research note on Monday, April 7th. Royal Bank of Canada lifted their price target on Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 19th. Morgan Stanley boosted their price objective on Vulcan Materials from $295.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Loop Capital lowered their price target on Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Finally, Raymond James decreased their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating for the company in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $298.00.

About Vulcan Materials

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.