Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in Vulcan Materials Company $VMC

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Vulcan Materials Company (NYSE:VMC) by 7.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 253,521 shares of the construction company’s stock after purchasing an additional 17,168 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.19% of Vulcan Materials worth $66,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in Vulcan Materials by 11,723.8% during the first quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company’s stock valued at $99,278,000 after buying an additional 421,939 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Vulcan Materials by 5.6% during the 1st quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock valued at $1,625,583,000 after purchasing an additional 370,434 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Vulcan Materials in the 1st quarter worth $82,659,000. Vanguard Group Inc. boosted its position in shares of Vulcan Materials by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock worth $3,896,031,000 after purchasing an additional 347,155 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in Vulcan Materials by 310.6% during the 1st quarter. National Bank of Canada FI now owns 299,954 shares of the construction company’s stock worth $69,979,000 after buying an additional 226,908 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

NYSE VMC opened at $287.62 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $38.00 billion, a PE ratio of 40.17, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $311.74. The company has a 50 day moving average price of $296.24 and a two-hundred day moving average price of $279.55.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.12. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the prior year, the firm posted $2.22 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, equities analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Monday, November 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is presently 23.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of Vulcan Materials from $356.00 to $342.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Royal Bank Of Canada reduced their target price on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. JPMorgan Chase & Co. increased their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. DA Davidson increased their price objective on shares of Vulcan Materials from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Barclays lifted their price objective on Vulcan Materials from $305.00 to $320.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $317.58.

Insider Transactions at Vulcan Materials

In related news, President Thompson S. Baker II sold 5,818 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $292.26, for a total value of $1,700,368.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP David P. Clement sold 698 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $298.56, for a total value of $208,394.88. Following the completion of the sale, the senior vice president directly owned 2,832 shares in the company, valued at approximately $845,521.92. This represents a 19.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is currently owned by corporate insiders.

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.