Mn Services Vermogensbeheer B.V. Has $11.22 Million Position in Vulcan Materials (NYSE:VMC)

Mn Services Vermogensbeheer B.V. lowered its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 7.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,100 shares of the construction company's stock after selling 3,700 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Vulcan Materials were worth $11,222,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new stake in Vulcan Materials in the 1st quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Vulcan Materials in the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in Vulcan Materials in the 4th quarter valued at approximately $31,000. Generali Asset Management SPA SGR acquired a new stake in Vulcan Materials in the 4th quarter valued at approximately $32,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Vulcan Materials in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $260.98 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 12 month low of $215.08 and a 12 month high of $298.31. The stock has a 50 day moving average of $259.20 and a 200-day moving average of $257.88. The company has a market capitalization of $34.48 billion, a P/E ratio of 38.10, a P/E/G ratio of 2.03 and a beta of 0.84.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the company posted $0.80 EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities research analysts predict that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.96 annualized dividend and a dividend yield of 0.75%. Vulcan Materials's dividend payout ratio is currently 27.80%.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $270.00, for a total value of $405,000.00. Following the transaction, the senior vice president now directly owns 2,832 shares of the company's stock, valued at $764,640. This represents a 34.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Morgan Stanley lifted their target price on Vulcan Materials from $273.00 to $303.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Wolfe Research raised Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research report on Thursday, April 10th. Royal Bank of Canada lifted their target price on Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 19th. UBS Group raised Vulcan Materials from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $280.00 to $318.00 in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. raised Vulcan Materials from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $302.91.

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.

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