Nykredit A S Takes Position in Vulcan Materials Company $VMC

Key Points

• Nykredit A/S acquired 50,875 Vulcan Materials shares in the second quarter, valued at approximately $15.0 million. Institutional investors and hedge funds collectively own 90.39% of the company.
• Analyst sentiment is mixed: Vulcan has a consensus “Hold” rating and an average price target of $325, with ratings ranging from Strong Buy to Sell.
• Vulcan exceeded quarterly earnings expectations, reporting $2.59 in adjusted earnings per share and $2.16 billion in revenue. The company also declared a quarterly dividend of $0.52 per share, representing a 0.9% annualized yield.

Nykredit A S acquired a new position in Vulcan Materials Company (NYSE:VMC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 50,875 shares of the construction company's stock, valued at approximately $15,009,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Vulcan Materials in the 2nd quarter worth approximately $2,868,444,000. Geode Capital Management LLC boosted its holdings in shares of Vulcan Materials by 0.9% in the 4th 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 acquired a new stake in shares of Vulcan Materials in the second quarter worth $688,580,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Vulcan Materials in the second quarter worth $451,119,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Vulcan Materials by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,346,422 shares of the construction company's stock worth $366,592,000 after purchasing an additional 24,187 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Activity

In other Vulcan Materials news, Director J. Hill sold 14,000 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $276.17, for a total value of $3,866,380.00. Following the sale, the director directly owned 58,209 shares of the company's stock, valued at approximately $16,075,579.53. This trade represents a 19.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David P. Clement sold 2,000 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president owned 6,716 shares of the company's stock, valued at $1,914,731.60. This trade represents a 22.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.65% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on VMC. Weiss Ratings restated a "buy (b-)" rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Raymond James Financial reaffirmed an "outperform" rating on shares of Vulcan Materials in a research report on Wednesday, July 15th. DA Davidson began coverage on Vulcan Materials in a research note on Tuesday, August 25th. They set a "buy" rating and a $330.00 price objective for the company. Berenberg Bank set a $283.00 price objective on Vulcan Materials and gave the company a "hold" rating in a report on Tuesday, June 2nd. Finally, Wall Street Zen downgraded Vulcan Materials from a "hold" rating to a "sell" rating in a research note on Saturday, September 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $325.00.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $240.90 on Friday. The company has a market capitalization of $31.22 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 1.76. The company's fifty day moving average price is $272.90 and its 200 day moving average price is $280.01. Vulcan Materials Company has a 1 year low of $240.69 and a 1 year high of $331.09.

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

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, August 13th. Vulcan Materials's payout ratio is currently 24.56%.

Vulcan Materials Profile

Vulcan Materials Company NYSE: VMC is a major U.S. producer and supplier of construction materials. The company's primary business is aggregates, including crushed stone, sand and gravel, which are used in roads, bridges, buildings and other infrastructure projects.

Vulcan also produces and distributes asphalt and ready-mixed concrete, as well as calcium products used in construction, industrial and other applications. Its products are sold to public-sector customers, contractors, commercial developers and other businesses involved in construction and infrastructure development.

Founded in 1909 and headquartered in Birmingham, Alabama, Vulcan Materials has expanded through organic growth and acquisitions to operate production facilities, distribution terminals and related assets across much of the United States.

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