Nomura Asset Management Co. Ltd. Acquires 1,911 Shares of Vulcan Materials Company $VMC

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 4.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,973 shares of the construction company’s stock after purchasing an additional 1,911 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Vulcan Materials were worth $11,208,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of VMC. Vanguard Group Inc. raised its position in shares of Vulcan Materials by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock valued at $3,896,031,000 after buying an additional 347,155 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Vulcan Materials by 5.6% during the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock worth $1,625,583,000 after acquiring an additional 370,434 shares during the last quarter. Geode Capital Management LLC raised its position in Vulcan Materials by 0.8% during the second quarter. Geode Capital Management LLC now owns 3,491,618 shares of the construction company’s stock valued at $906,961,000 after purchasing an additional 27,531 shares during the period. Allspring Global Investments Holdings LLC raised its position in Vulcan Materials by 7.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,872,652 shares of the construction company’s stock valued at $495,635,000 after purchasing an additional 130,949 shares during the period. Finally, Alkeon Capital Management LLC lifted its stake in shares of Vulcan Materials by 4.4% in the 1st quarter. Alkeon Capital Management LLC now owns 1,338,346 shares of the construction company’s stock valued at $312,236,000 after purchasing an additional 56,345 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Up 0.9%

Shares of NYSE:VMC opened at $284.32 on Thursday. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $311.74. The firm’s 50 day moving average price is $295.22 and its 200 day moving average price is $281.17. 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 cap of $37.57 billion, a price-to-earnings ratio of 39.71, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95.

Vulcan Materials (NYSE:VMC) last announced 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 net margin of 12.52% and a return on equity of 12.81%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the firm posted $2.22 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, equities research analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 10th will be issued 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 Monday, November 10th. Vulcan Materials’s dividend payout ratio is 23.28%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VMC shares. Raymond James Financial boosted their target price on Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Morgan Stanley cut their price objective on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Monday, July 28th. JPMorgan Chase & Co. increased their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of Vulcan Materials in a report on Thursday, October 30th. Finally, Barclays upped their price target on shares of Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $317.58.

Insiders Place Their Bets

In other news, SVP David P. Clement sold 698 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $298.56, for a total value of $208,394.88. Following the transaction, the senior vice president owned 2,832 shares in the company, valued at approximately $845,521.92. This represents a 19.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Thompson S. Baker II sold 4,853 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $295.63, for a total value of $1,434,692.39. Following the sale, the president directly owned 41,485 shares in the company, valued at $12,264,210.55. This trade represents a 10.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 11,369 shares of company stock worth $3,343,456. 0.61% of the stock is owned by insiders.

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.