BI Asset Management Fondsmaeglerselskab A S Has $796,000 Stock Holdings in Vulcan Materials Company $VMC

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 16.3% in the first quarter, Holdings Channel.com reports. The fund owned 3,411 shares of the construction company’s stock after selling 665 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Vulcan Materials were worth $796,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Vulcan Materials during the 1st quarter worth $27,000. Kapitalo Investimentos Ltda acquired a new position in shares of Vulcan Materials in the 4th quarter valued at $35,000. Fourth Dimension Wealth LLC acquired a new position in shares of Vulcan Materials in the 4th quarter valued at $46,000. Manchester Capital Management LLC grew its holdings in shares of Vulcan Materials by 26.9% in the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock valued at $43,000 after buying an additional 39 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in shares of Vulcan Materials in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Up 1.4%

VMC opened at $292.2970 on Friday. The stock has a market capitalization of $38.62 billion, a P/E ratio of 40.82, a P/E/G ratio of 2.36 and a beta of 0.83. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $298.31. The firm’s fifty day simple moving average is $272.36 and its 200 day simple moving average is $259.19. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing the consensus estimate of $2.65 by ($0.20). The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.23 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.35 earnings per share. As a group, research analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 14th. Vulcan Materials’s payout ratio is currently 27.37%.

Analyst Upgrades and Downgrades

VMC has been the subject of several research analyst reports. Stephens set a $315.00 price target on shares of Vulcan Materials and gave the company an “overweight” rating in a report on Thursday, May 1st. UBS Group raised shares of Vulcan Materials from a “neutral” rating to a “buy” rating and boosted their price target for the company from $280.00 to $318.00 in a report on Friday, May 16th. Morgan Stanley decreased their price target on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a report on Monday, July 28th. Stifel Nicolaus boosted their price target on shares of Vulcan Materials from $287.00 to $309.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, Citigroup reissued a “buy” rating and issued a $321.00 price target (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $304.27.

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.