Allianz Asset Management GmbH Purchases 2,286 Shares of Vulcan Materials Company (NYSE:VMC)

Allianz Asset Management GmbH grew its stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 21.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,091 shares of the construction company's stock after buying an additional 2,286 shares during the period. Allianz Asset Management GmbH's holdings in Vulcan Materials were worth $3,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of VMC. Brighton Jones LLC bought a new stake in shares of Vulcan Materials during the fourth quarter valued at approximately $497,000. Allstate Corp bought a new stake in shares of Vulcan Materials during the fourth quarter valued at approximately $993,000. Schroder Investment Management Group grew its holdings in shares of Vulcan Materials by 11.2% in the fourth quarter. Schroder Investment Management Group now owns 188,441 shares of the construction company's stock valued at $48,473,000 after purchasing an additional 19,020 shares in the last quarter. RWA Wealth Partners LLC purchased a new position in shares of Vulcan Materials in the fourth quarter valued at $223,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Vulcan Materials by 39.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,909 shares of the construction company's stock valued at $4,607,000 after purchasing an additional 5,068 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group raised shares of Vulcan Materials from a "neutral" rating to a "buy" rating and raised their target price for the company from $280.00 to $318.00 in a report on Friday, May 16th. Argus raised shares of Vulcan Materials to a "strong-buy" rating in a report on Thursday, April 24th. Wolfe Research raised shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. Royal Bank Of Canada cut their target price on shares of Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a report on Friday. Finally, Stifel Nicolaus raised their target price 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. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $302.45.

Vulcan Materials Trading Down 0.0%

Shares of NYSE:VMC traded down $0.11 on Friday, hitting $274.56. 1,442,181 shares of the company's stock were exchanged, compared to its average volume of 1,069,458. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $298.31. The stock has a market capitalization of $36.27 billion, a price-to-earnings ratio of 38.94, a price-to-earnings-growth ratio of 2.41 and a beta of 0.82. The business's 50 day simple moving average is $265.23 and its two-hundred day simple moving average is $257.53. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.42 and a quick ratio of 1.51.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.91% and a net margin of 12.50%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the business posted $2.35 earnings per share. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 14th. Vulcan Materials's dividend payout ratio (DPR) is 27.80%.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 1,500 shares of Vulcan Materials 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 sale, the senior vice president directly owned 2,832 shares in the company, valued at $764,640. The trade was a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.62% of the company's stock.

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.