Vulcan Materials (NYSE:VMC) Stake Boosted by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its position in shares of Vulcan Materials (NYSE:VMC) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,800 shares of the construction company’s stock after buying an additional 800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Vulcan Materials were worth $13,325,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VMC. New York Life Investment Management LLC lifted its position in shares of Vulcan Materials by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 19,618 shares of the construction company’s stock valued at $5,046,000 after acquiring an additional 55 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Vulcan Materials by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,334 shares of the construction company’s stock worth $2,915,000 after buying an additional 71 shares during the period. Impact Investors Inc purchased a new position in shares of Vulcan Materials during the fourth quarter valued at $407,000. Los Angeles Capital Management LLC grew its holdings in shares of Vulcan Materials by 1.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 24,792 shares of the construction company’s stock valued at $6,377,000 after buying an additional 424 shares in the last quarter. Finally, Avalon Capital Management acquired a new position in Vulcan Materials during the fourth quarter valued at $318,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Down 2.1 %

Shares of NYSE:VMC opened at $245.34 on Friday. The company has a market capitalization of $32.40 billion, a PE ratio of 35.82, a P/E/G ratio of 2.03 and a beta of 0.84. 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 company’s fifty day moving average is $264.63 and its 200-day moving average is $261.54. Vulcan Materials has a 52 week low of $225.36 and a 52 week high of $298.31.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating 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 net margin of 12.30% and a return on equity of 12.83%. During the same period in the previous year, the business earned $1.46 earnings per share. Equities research analysts predict that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is 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 yield of 0.80%. Vulcan Materials’s dividend payout ratio is 28.61%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VMC. Raymond James lowered their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. boosted their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Truist Financial increased their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group assumed coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target on the stock. Finally, Morgan Stanley increased their price objective on Vulcan Materials from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $304.55.

Vulcan Materials 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.