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Vulcan Materials Company (NYSE:VMC) Shares Acquired by Asset Management One Co. Ltd.

Vulcan Materials logo with Construction background

Asset Management One Co. Ltd. lifted its holdings in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,403 shares of the construction company's stock after purchasing an additional 1,093 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of Vulcan Materials worth $17,825,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in VMC. Norges Bank purchased a new position in shares of Vulcan Materials in the 4th quarter worth $380,369,000. Proficio Capital Partners LLC raised its position in shares of Vulcan Materials by 28,529.4% in the 4th quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company's stock worth $134,694,000 after buying an additional 521,802 shares during the period. BNP Paribas Financial Markets raised its position in shares of Vulcan Materials by 239.8% in the 4th quarter. BNP Paribas Financial Markets now owns 739,003 shares of the construction company's stock worth $190,094,000 after buying an additional 521,508 shares during the period. Alkeon Capital Management LLC raised its position in shares of Vulcan Materials by 54.1% in the 4th quarter. Alkeon Capital Management LLC now owns 1,282,001 shares of the construction company's stock worth $329,769,000 after buying an additional 450,000 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Vulcan Materials by 271.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 559,643 shares of the construction company's stock worth $143,957,000 after buying an additional 408,803 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VMC. Argus raised Vulcan Materials to a "strong-buy" rating in a research report on Thursday, April 24th. Citigroup reaffirmed a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Loop Capital cut their target price on Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Raymond James Financial cut their target price on Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, 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. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $302.91.

Read Our Latest Analysis on VMC

Insider Activity

In other news, SVP David P. Clement sold 1,500 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $270.00, for a total transaction of $405,000.00. Following the completion of the sale, the senior vice president now directly owns 2,832 shares in the company, valued at $764,640. This trade represents a 34.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.61% of the company's stock.

Vulcan Materials Stock Up 2.1%

Shares of Vulcan Materials stock traded up $5.36 during trading hours on Friday, hitting $262.32. 2,119,857 shares of the company's stock traded hands, compared to its average volume of 979,720. The stock has a 50 day simple moving average of $262.42 and a 200-day simple moving average of $256.35. The company has a quick ratio of 1.51, a current ratio of 2.42 and a debt-to-equity ratio of 0.60. The company has a market cap of $34.65 billion, a PE ratio of 37.21, a PEG ratio of 2.33 and a beta of 0.84. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.20. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.91% and a net margin of 12.50%. The company's revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $0.80 earnings per share. Equities research analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.49 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.96 annualized dividend and a dividend yield of 0.75%. Vulcan Materials's dividend payout ratio is presently 27.80%.

Vulcan Materials Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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