Intech Investment Management LLC Has $1.42 Million Holdings in Vulcan Materials Company $VMC

Intech Investment Management LLC lifted its position in shares of Vulcan Materials Company (NYSE:VMC) by 70.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,988 shares of the construction company’s stock after purchasing an additional 2,068 shares during the quarter. Intech Investment Management LLC’s holdings in Vulcan Materials were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of VMC. Westside Investment Management Inc. lifted its position in shares of Vulcan Materials by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock worth $25,000 after buying an additional 42 shares during the period. NBT Bank N A NY bought a new position in shares of Vulcan Materials during the 4th quarter worth approximately $26,000. Measured Wealth Private Client Group LLC bought a new position in shares of Vulcan Materials during the 3rd quarter worth approximately $30,000. Godsey & Gibb Inc. bought a new position in shares of Vulcan Materials during the 4th quarter worth approximately $30,000. Finally, WPG Advisers LLC lifted its position in shares of Vulcan Materials by 56.4% during the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after buying an additional 44 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Down 0.6%

Shares of VMC opened at $281.49 on Friday. The stock has a fifty day moving average price of $281.77 and a two-hundred day moving average price of $290.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week high of $331.09. The company has a market cap of $36.53 billion, a price-to-earnings ratio of 33.47, a PEG ratio of 2.04 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company posted $1.00 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts predict that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a $0.52 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.08 annualized dividend and a yield of 0.7%. Vulcan Materials’s payout ratio is presently 24.73%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VMC shares. Barclays raised their target price on Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Truist Financial raised their target price on Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Morgan Stanley cut their target price on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Berenberg Bank set a $283.00 target price on Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $326.92.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.