APG Asset Management N.V. Lowers Stock Position in Vulcan Materials Company $VMC

Key Points

• APG Asset Management N.V. has sold 6,709 shares of Vulcan Materials Company, reducing its position by 23.2%, leaving it with a total of 22,193 shares valued at approximately $4.79 million.
• Several large investors, including Manchester Capital Management and Alpha Omega Wealth Management, have recently increased their stakes in Vulcan Materials, contributing to a significant 90.39% institutional ownership of the stock.
• Analysts are optimistic about Vulcan Materials, with a consensus Buy rating and target price averaging $308.36, bolstered by recent upgrades from firms like Stifel Nicolaus and JPMorgan Chase.

APG Asset Management N.V. reduced its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 23.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,193 shares of the construction company's stock after selling 6,709 shares during the period. APG Asset Management N.V.'s holdings in Vulcan Materials were worth $4,793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Vulcan Materials in the 1st quarter valued at $27,000. Kapitalo Investimentos Ltda purchased a new position in shares of Vulcan Materials in the 4th quarter worth $35,000. Fourth Dimension Wealth LLC bought a new stake in shares of Vulcan Materials in the 4th quarter worth about $46,000. Manchester Capital Management LLC increased 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 worth $43,000 after buying an additional 39 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Vulcan Materials in the 1st quarter worth about $45,000. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VMC shares. Barclays boosted their target price on shares of Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. UBS Group upgraded shares of 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 report on Friday, May 16th. Morgan Stanley reduced their target price on shares of Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating on the stock in a report on Monday, July 28th. Stifel Nicolaus boosted their target price on shares of Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Royal Bank Of Canada reduced their target price on shares of Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $308.36.

Vulcan Materials Trading Down 0.0%

NYSE:VMC traded down $0.07 during mid-day trading on Friday, hitting $291.09. 609,873 shares of the stock traded hands, compared to its average volume of 862,417. The stock has a market capitalization of $38.46 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 2.38 and a beta of 0.83. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $298.31. The firm's 50 day moving average is $275.65 and its two-hundred day moving average is $259.85.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 earnings per share (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 analysts' expectations of $2.23 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. Vulcan Materials's quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $2.35 earnings per share. On average, equities research analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders 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 27.37%.

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.