Deutsche Bank AG Invests $208.67 Million in Vulcan Materials Company $VMC

Deutsche Bank AG purchased a new position in Vulcan Materials Company (NYSE:VMC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 707,341 shares of the construction company's stock, valued at approximately $208,673,000. Deutsche Bank AG owned about 0.55% of Vulcan Materials as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in Vulcan Materials by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,576,172 shares of the construction company's stock valued at $1,016,168,000 after acquiring an additional 32,012 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Vulcan Materials by 6.1% during the 2nd quarter. Bank of America Corp DE now owns 2,309,444 shares of the construction company's stock worth $602,349,000 after purchasing an additional 133,523 shares during the last quarter. Morgan Stanley raised its holdings in shares of Vulcan Materials by 7.9% in the 4th quarter. Morgan Stanley now owns 1,727,232 shares of the construction company's stock worth $492,642,000 after purchasing an additional 126,523 shares during the period. Dimensional Fund Advisors LP lifted its stake in Vulcan Materials by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,346,422 shares of the construction company's stock valued at $366,592,000 after purchasing an additional 24,187 shares during the last quarter. Finally, Norges Bank bought a new position in Vulcan Materials during the fourth quarter valued at $383,613,000. Institutional investors own 90.39% of the company's stock.

Insider Activity

In related news, SVP David P. Clement sold 2,000 shares of the company's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $285.10, for a total value of $570,200.00. Following the completion of the transaction, the senior vice president directly owned 6,716 shares in the company, valued at approximately $1,914,731.60. The trade was a 22.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.65% of the company's stock.

Vulcan Materials Trading Down 2.2%

Shares of VMC stock opened at $272.14 on Wednesday. The company has a market capitalization of $35.26 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week high of $331.09. The business's fifty day moving average is $289.55 and its 200 day moving average is $288.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 1.76.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the company posted $2.42 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. Vulcan Materials's dividend payout ratio (DPR) is 24.56%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank Of Canada increased their price target on Vulcan Materials from $293.00 to $300.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 30th. Oppenheimer assumed coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They set a "market perform" rating for the company. Weiss Ratings reissued a "buy (b-)" rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Barclays upped their price target on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Finally, Wells Fargo & Company reduced their price objective on shares of Vulcan Materials from $310.00 to $305.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 8th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $327.93.

Vulcan Materials Company 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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