Nissay Asset Management Corp Japan ADV Has $9.79 Million Stock Holdings in Vulcan Materials Company $VMC

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in Vulcan Materials Company by 4.5%, holding a total of 41,954 shares valued at approximately $9.79 million.
• Several institutional investors, including Principal Financial Group Inc. and GAMMA Investing LLC, have also increased their stakes substantially, highlighting growing interest in the construction company.
• Analysts have mixed views on Vulcan Materials, with price targets ranging from $279 to $321, while the stock currently has a consensus rating of "Buy" and an average target price of $308.36.

Nissay Asset Management Corp Japan ADV lifted its position in Vulcan Materials Company (NYSE:VMC - Free Report) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,954 shares of the construction company's stock after buying an additional 1,818 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Vulcan Materials were worth $9,788,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Vulcan Materials by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company's stock valued at $3,896,031,000 after buying an additional 347,155 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Vulcan Materials by 5.6% in the 1st quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company's stock valued at $1,625,583,000 after buying an additional 370,434 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Vulcan Materials by 7.4% in the 1st quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company's stock valued at $1,518,291,000 after buying an additional 445,691 shares in the last quarter. Stockbridge Partners LLC increased its position in shares of Vulcan Materials by 11.3% in the 4th quarter. Stockbridge Partners LLC now owns 1,746,482 shares of the construction company's stock valued at $449,248,000 after buying an additional 177,918 shares in the last quarter. Finally, Alkeon Capital Management LLC increased its position in shares of Vulcan Materials by 4.4% in the 1st quarter. Alkeon Capital Management LLC now owns 1,338,346 shares of the construction company's stock valued at $312,236,000 after buying an additional 56,345 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Up 1.4%

Shares of Vulcan Materials stock traded up $4.21 during trading hours on Monday, reaching $299.02. 776,220 shares of the company's stock were exchanged, compared to its average volume of 777,369. The company has a 50 day moving average of $279.57 and a two-hundred day moving average of $260.92. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $299.29. 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 stock has a market cap of $39.51 billion, a P/E ratio of 41.76, a P/E/G ratio of 2.41 and a beta of 0.86.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing analysts' consensus estimates of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the company earned $2.35 earnings per share. The company's quarterly revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently commented on VMC shares. Morgan Stanley lowered their price objective on shares of Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a research report on Monday, July 28th. JPMorgan Chase & Co. increased their target price on Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a report on Tuesday, August 26th. Royal Bank Of Canada lowered their target price on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Citigroup reiterated a "buy" rating and set a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Finally, UBS Group upgraded Vulcan Materials from a "neutral" rating to a "buy" rating and increased their target price for the stock from $280.00 to $318.00 in a report on Friday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Vulcan Materials presently has an average rating of "Buy" and an average price target of $308.36.

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.