Asset Management One Co. Ltd. Increases Stock Holdings in Vulcan Materials Company (NYSE:VMC)

Asset Management One Co. Ltd. increased its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,403 shares of the construction company’s stock after buying an additional 1,093 shares during the quarter. Asset Management One Co. Ltd. owned 0.06% of Vulcan Materials worth $17,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in Vulcan Materials during the 1st quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Vulcan Materials during the 4th quarter worth $30,000. SBI Securities Co. Ltd. purchased a new position in Vulcan Materials during the 4th quarter worth $31,000. Generali Asset Management SPA SGR purchased a new position in Vulcan Materials during the 4th quarter worth $32,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Vulcan Materials during the 4th quarter worth $35,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VMC has been the topic of several research analyst reports. Citigroup restated a “buy” rating on shares of Vulcan Materials in a research note on Monday, March 24th. Stifel Nicolaus boosted their price target on Vulcan Materials from $287.00 to $309.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Loop Capital dropped their price target on Vulcan Materials from $325.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Seaport Res Ptn upgraded Vulcan Materials to a “strong-buy” rating in a research note on Friday, March 21st. Finally, Stephens set a $315.00 price target on Vulcan Materials and gave the company an “overweight” rating in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $302.91.

Insider Transactions at Vulcan Materials

In related news, SVP David P. Clement sold 1,500 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $270.00, for a total value of $405,000.00. Following the completion of the transaction, the senior vice president now owns 2,832 shares of the company’s stock, valued at approximately $764,640. This represents a 34.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.62% of the company’s stock.

Vulcan Materials Stock Down 3.6%

Shares of VMC opened at $255.08 on Thursday. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $298.31. The company has a quick ratio of 1.51, a current ratio of 2.42 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $33.70 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 2.35 and a beta of 0.84. The stock’s 50-day moving average price is $261.70 and its 200-day moving average price is $256.93.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.91% and a net margin of 12.50%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the business earned $0.80 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts predict that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a $0.49 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.77%. Vulcan Materials’s payout ratio is 27.80%.

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.