Asset Management One Co. Ltd. Increases Stock Holdings in Vulcan Materials Company $VMC

Key Points

• Asset Management One Co. Ltd. increased its stake in Vulcan Materials Company by 7.3%, owning 82,004 shares valued at approximately $21.39 million as of the latest reporting period.
• Multiple institutional investors have recently modified their holdings in Vulcan Materials, with 90.39% of the company's stock now owned by hedge funds and other institutional investors.
• Recent analyst ratings show bullish outlooks, with JPMorgan raising their price target to $340.00 and the stock receiving a consensus rating of "Moderate Buy."

Asset Management One Co. Ltd. lifted its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 7.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 82,004 shares of the construction company's stock after purchasing an additional 5,601 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of Vulcan Materials worth $21,388,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC boosted its holdings in shares of Vulcan Materials by 86.3% in the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company's stock worth $25,000 after purchasing an additional 44 shares during the period. Concord Wealth Partners purchased a new position in Vulcan Materials during the 2nd quarter valued at $33,000. Manchester Capital Management LLC boosted its holdings in Vulcan Materials by 26.9% during the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock valued at $43,000 after acquiring an additional 39 shares during the period. Wayfinding Financial LLC purchased a new position in Vulcan Materials during the 1st quarter valued at $45,000. Finally, Steph & Co. purchased a new position in Vulcan Materials during the 2nd quarter valued at $55,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a "buy (b-)" rating on shares of Vulcan Materials in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on Vulcan Materials from $330.00 to $340.00 and gave the company an "overweight" rating in a report on Tuesday, October 21st. Citigroup restated a "buy" rating and set a $321.00 price objective (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Barclays boosted their price objective on Vulcan Materials from $305.00 to $320.00 and gave the company an "overweight" rating in a report on Monday, October 20th. Finally, Wells Fargo & Company upgraded Vulcan Materials to a "hold" rating in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $313.17.

Vulcan Materials Price Performance

Shares of VMC stock opened at $292.63 on Friday. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $311.74. The stock has a market capitalization of $38.66 billion, a price-to-earnings ratio of 40.87, a P/E/G ratio of 2.37 and a beta of 0.92. The stock has a fifty day simple moving average of $296.37 and a two-hundred day simple moving average of $275.60. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued 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 12.81% and a net margin of 12.52%.The firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter in the prior year, the company posted $2.35 earnings per share. Vulcan Materials's quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, November 10th. Vulcan Materials's payout ratio is presently 27.37%.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the business's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $298.56, for a total value of $208,394.88. Following the completion of the transaction, the senior vice president directly owned 2,832 shares of the company's stock, valued at approximately $845,521.92. The trade was a 19.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.62% of the company's stock.

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.

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