Danske Bank A S Purchases 5,560 Shares of Vulcan Materials Company $VMC

Key Points

• Danske Bank A/S increased its stake in Vulcan Materials by 8.6%, buying 5,560 shares to hold 69,843 shares worth about $19.9 million (≈0.05% of the company).
• Vulcan beat quarterly estimates with $1.35 EPS vs. $1.10 expected and $1.76B revenue (up 7.4% YoY), and raised its quarterly dividend to $0.52 (annualized $2.08, yield 0.7%); analysts’ consensus is a "Moderate Buy" with a $329.62 target.
• Institutional ownership is high at 90.39%; the company has a market cap of ~$38.8 billion with a P/E of 35.3 and PEG of 2.24.

Danske Bank A S increased its position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,843 shares of the construction company's stock after purchasing an additional 5,560 shares during the period. Danske Bank A S owned about 0.05% of Vulcan Materials worth $19,921,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Vulcan Materials by 5.8% during the third quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company's stock valued at $2,345,703,000 after purchasing an additional 414,828 shares during the period. Commonwealth Equity Services LLC grew its holdings in Vulcan Materials by 104.3% during the third quarter. Commonwealth Equity Services LLC now owns 72,113 shares of the construction company's stock valued at $22,183,000 after purchasing an additional 36,823 shares during the period. Dimensional Fund Advisors LP grew its holdings in Vulcan Materials by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,293,316 shares of the construction company's stock valued at $397,795,000 after purchasing an additional 3,931 shares during the period. EFG Asset Management North America Corp. bought a new stake in Vulcan Materials during the third quarter valued at about $1,232,000. Finally, Swiss Life Asset Management Ltd grew its holdings in Vulcan Materials by 67.8% during the third quarter. Swiss Life Asset Management Ltd now owns 14,320 shares of the construction company's stock valued at $4,405,000 after purchasing an additional 5,787 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $297.00 on Friday. The stock's 50-day simple moving average is $284.44 and its 200-day simple moving average is $292.94. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. The company has a market capitalization of $38.75 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 2.24 and a beta of 1.09. The company has a quick ratio of 1.97, a current ratio of 2.59 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The business's revenue was up 7.4% on a year-over-year basis. As a group, analysts expect that Vulcan Materials Company will post 9.28 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were given a $0.52 dividend. The ex-dividend date was Monday, March 9th. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. Vulcan Materials's dividend payout ratio (DPR) is presently 24.73%.

Wall Street Analyst Weigh In

Several analysts have issued reports on VMC shares. Citigroup cut their price target on Vulcan Materials from $365.00 to $355.00 and set a "buy" rating for the company in a report on Friday. Royal Bank Of Canada boosted their price target on Vulcan Materials from $296.00 to $298.00 and gave the company a "sector perform" rating in a report on Thursday. B. Riley Financial started coverage on Vulcan Materials in a report on Thursday, January 15th. They set a "buy" rating and a $345.00 price target for the company. Weiss Ratings reissued a "buy (b)" rating on shares of Vulcan Materials in a report on Tuesday, January 27th. Finally, Stephens boosted their price target on Vulcan Materials from $330.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Vulcan Materials currently has an average rating of "Moderate Buy" and a consensus target price of $329.62.

Insider Activity at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the business's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $303.72, for a total value of $345,329.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is owned by insiders.

Vulcan Materials Profile

Vulcan Materials Company NYSE: VMC is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company's primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.

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