Norinchukin Bank The Increases Holdings in Vulcan Materials Company $VMC

Key Points

• Norinchukin Bank The has increased its holdings in Vulcan Materials Company by 16.0%, owning a total of 7,208 shares worth approximately $1,682,000 at the end of the first quarter.
• Vulcan Materials recently reported earnings of $2.45 per share, missing analysts' expectations of $2.65, with revenue also falling short at $2.10 billion.
• The company announced a quarterly dividend of $0.49 per share, which represents an annualized yield of 0.7% with a payout ratio of 27.37%.

Norinchukin Bank The lifted its position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 16.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,208 shares of the construction company's stock after acquiring an additional 995 shares during the quarter. Norinchukin Bank The's holdings in Vulcan Materials were worth $1,682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VMC. Brighton Jones LLC purchased a new stake in Vulcan Materials in the 4th quarter valued at approximately $497,000. NewEdge Advisors LLC lifted its stake in shares of Vulcan Materials by 28.9% during the 4th quarter. NewEdge Advisors LLC now owns 4,196 shares of the construction company's stock worth $1,080,000 after purchasing an additional 942 shares during the period. First Trust Advisors LP increased its holdings in shares of Vulcan Materials by 77.9% during the 4th quarter. First Trust Advisors LP now owns 28,092 shares of the construction company's stock worth $7,226,000 after buying an additional 12,298 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Vulcan Materials by 3,450.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,018 shares of the construction company's stock worth $776,000 after buying an additional 2,933 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its holdings in shares of Vulcan Materials by 41.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 28,160 shares of the construction company's stock worth $7,244,000 after buying an additional 8,214 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Performance

NYSE:VMC opened at $292.2970 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The firm has a 50-day moving average of $272.36 and a two-hundred day moving average of $259.19. The stock has a market cap of $38.62 billion, a P/E ratio of 40.82, a PEG ratio of 2.36 and a beta of 0.83. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $298.31.

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

Vulcan Materials Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VMC shares. 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. UBS Group upgraded Vulcan Materials from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $280.00 to $318.00 in a report on Friday, May 16th. Morgan Stanley dropped their price objective on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a report on Monday, July 28th. Stephens set a $315.00 price target on Vulcan Materials and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Royal Bank Of Canada lowered their price target 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. Two 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, the stock has a consensus rating of "Buy" and an average price target of $304.27.

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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