Vulcan Materials Company $VMC Stock Holdings Lifted by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its position in Vulcan Materials by 8.9%, acquiring an additional 17,571 shares, bringing its total to 215,285 shares valued at approximately $50 million.
• Vulcan Materials reported earnings of $2.45 per share, missing expectations, and had a revenue of $2.10 billion, which also fell short of consensus estimates.
• The company announced a quarterly dividend of $0.49 per share, with an ex-dividend date of August 14th, resulting in an annualized payout of $1.96 and a yield of 0.7%.

American Century Companies Inc. grew its holdings in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 8.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 215,285 shares of the construction company's stock after acquiring an additional 17,571 shares during the quarter. American Century Companies Inc. owned about 0.16% of Vulcan Materials worth $50,226,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC lifted its holdings in shares of Vulcan Materials by 21.0% in the first quarter. Golden State Wealth Management LLC now owns 951 shares of the construction company's stock valued at $222,000 after buying an additional 165 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Vulcan Materials by 42.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company's stock valued at $3,686,000 after buying an additional 4,678 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Vulcan Materials by 24.3% in the first quarter. Exchange Traded Concepts LLC now owns 921 shares of the construction company's stock valued at $215,000 after buying an additional 180 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Vulcan Materials by 27.2% in the first quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company's stock valued at $398,000 after buying an additional 365 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Vulcan Materials by 5.6% in the fourth quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock valued at $249,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Stock Up 1.4%

NYSE:VMC traded up $4.0170 during trading hours on Friday, hitting $292.2970. 529,856 shares of the company's stock traded hands, compared to its average volume of 1,045,533. The firm has a market cap 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 twelve month low of $215.08 and a twelve month high of $298.31. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The stock's fifty day moving average price is $272.36 and its two-hundred day moving average price is $259.19.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly 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). The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.23 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.35 earnings per share. On average, research analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be paid a $0.49 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials's payout ratio is 27.37%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Citigroup restated a "buy" rating and issued a $321.00 price objective (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Royal Bank Of Canada cut their target price on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Stephens set a $315.00 target price on Vulcan Materials and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Stifel Nicolaus boosted their target price on Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, UBS Group raised Vulcan Materials from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $280.00 to $318.00 in a research report on Friday, May 16th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $304.27.

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.