Mn Services Vermogensbeheer B.V. Grows Stock Position in Vulcan Materials Company $VMC

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Vulcan Materials Company by 5.0%, owning a total of 50,500 shares valued at $13.17 million as of its latest SEC filing.
• Multiple institutional investors, including Manchester Capital Management and Tompkins Financial Corp, have adjusted their positions in Vulcan Materials, reflecting significant interest, with 90.39% of the stock owned by these entities.
• Analysts have varied ratings on Vulcan Materials, with a consensus price target of $308.36, indicating a generally positive outlook despite some lowered price targets from firms like Royal Bank of Canada and Morgan Stanley.

Mn Services Vermogensbeheer B.V. increased its holdings in Vulcan Materials Company (NYSE:VMC - Free Report) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,500 shares of the construction company's stock after buying an additional 2,400 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Vulcan Materials were worth $13,171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Manchester Capital Management LLC lifted its holdings in shares of Vulcan Materials by 26.9% in the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock valued at $43,000 after purchasing an additional 39 shares in the last quarter. Chemistry Wealth Management LLC lifted its stake in Vulcan Materials by 3.0% in the 2nd quarter. Chemistry Wealth Management LLC now owns 1,343 shares of the construction company's stock valued at $350,000 after buying an additional 39 shares in the last quarter. DRW Securities LLC lifted its stake in Vulcan Materials by 2.6% in the 1st quarter. DRW Securities LLC now owns 1,748 shares of the construction company's stock valued at $408,000 after buying an additional 45 shares in the last quarter. Alpha Omega Wealth Management LLC lifted its stake in Vulcan Materials by 1.1% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 4,336 shares of the construction company's stock valued at $1,012,000 after buying an additional 46 shares in the last quarter. Finally, Tompkins Financial Corp lifted its position in shares of Vulcan Materials by 20.0% in the second quarter. Tompkins Financial Corp now owns 300 shares of the construction company's stock valued at $78,000 after acquiring an additional 50 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VMC has been the topic of a number of research reports. Royal Bank Of Canada cut their price objective on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Morgan Stanley dropped their price target on shares of Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Monday, July 28th. JPMorgan Chase & Co. lifted their target price on Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Barclays lifted their target price on Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Citigroup restated a "buy" rating and set a $321.00 price objective (up from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $308.36.

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 698 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction of $208,394.88. Following the completion of the sale, the senior vice president directly owned 2,832 shares in the company, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.62% of the company's stock.

Vulcan Materials Stock Up 2.3%

Shares of VMC stock opened at $298.87 on Friday. The business's fifty day moving average is $284.07 and its 200-day moving average is $263.37. The stock has a market cap of $39.49 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 2.39 and a beta of 0.86. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $302.21.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the business earned $2.35 earnings per share. The business's revenue was up 4.4% compared to the same quarter last year. Equities analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th were given a dividend of $0.49 per share. The ex-dividend date was Thursday, August 14th. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials's dividend payout ratio (DPR) is presently 27.37%.

Vulcan Materials Company 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.

Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials Company (NYSE:VMC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.