Deutsche Bank AG Raises Holdings in Vulcan Materials Company (NYSE:VMC)

Key Points

• Deutsche Bank AG increased its stake in >Vulcan Materials Company< (NYSE:VMC) by 1.4%, acquiring an additional 6,551 shares during the first quarter.
• Several brokerages have recently adjusted their price targets for Vulcan Materials, with UBS Group raising it from $280.00 to $318.00, indicating positive analyst sentiment.
• Vulcan Materials announced a quarterly dividend of $0.49 per share, contributing to an annualized dividend yield of 0.7%.

Deutsche Bank AG increased its stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 481,505 shares of the construction company's stock after acquiring an additional 6,551 shares during the period. Deutsche Bank AG owned about 0.36% of Vulcan Materials worth $112,335,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in Vulcan Materials during the first quarter worth approximately $27,000. Kapitalo Investimentos Ltda purchased a new position in shares of Vulcan Materials in the fourth quarter valued at approximately $35,000. Manchester Capital Management LLC lifted its position in Vulcan Materials by 26.9% during the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock worth $43,000 after buying an additional 39 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Vulcan Materials during the first quarter worth approximately $45,000. Finally, Fourth Dimension Wealth LLC purchased a new position in Vulcan Materials during the fourth quarter worth approximately $46,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Stock Up 2.4%

VMC traded up $6.96 on Tuesday, hitting $292.20. 1,070,324 shares of the company were exchanged, compared to its average volume of 1,047,517. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $298.31. The company has a market cap of $38.61 billion, a price-to-earnings ratio of 40.81, a price-to-earnings-growth ratio of 2.33 and a beta of 0.83. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $267.50 and a two-hundred day moving average price of $257.88.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.65 by ($0.20). The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%. The firm'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 analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

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 paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.96 annualized dividend and a yield of 0.7%. Vulcan Materials's dividend payout ratio is currently 27.37%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VMC shares. Citigroup reissued a "buy" rating and set a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Barclays raised their target price on Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Morgan Stanley cut their target price on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a research note on Monday, July 28th. Stifel Nicolaus raised their target price on Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Stephens set a $315.00 target price on Vulcan Materials and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $304.27.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of the company's stock in a transaction that occurred on 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 directly owned 2,832 shares of the company's stock, valued at $764,640. This represents a 34.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

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.