PFA Pension Forsikringsaktieselskab Purchases Shares of 38,387 Vulcan Materials Company $VMC

Key Points

• PFA Pension Forsikringsaktieselskab purchased a new stake of 38,387 shares in Vulcan Materials (NYSE: VMC) during Q4, valued at about $11.09 million.
• Vulcan Materials recently posted an earnings beat (EPS $1.35 vs. $1.10 expected) with revenue of $1.76 billion, up 7.4% year‑over‑year, and analysts forecast roughly 9.28 EPS for the year.
• Institutional ownership is high (about 90.4%), several large funds (Vanguard, JPMorgan, Principal) have increased positions, and the analyst consensus is a "Moderate Buy" with an average target of $329.62.

PFA Pension Forsikringsaktieselskab purchased a new stake in Vulcan Materials Company (NYSE:VMC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 38,387 shares of the construction company's stock, valued at approximately $11,089,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Vulcan Materials by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company's stock valued at $5,293,274,000 after purchasing an additional 311,539 shares during the period. JPMorgan Chase & Co. increased its position in shares of Vulcan Materials by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 7,924,285 shares of the construction company's stock valued at $2,437,669,000 after acquiring an additional 99,298 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Vulcan Materials by 5.8% in the third quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company's stock valued at $2,345,703,000 after acquiring an additional 414,828 shares during the last quarter. Bank of America Corp DE increased its position in shares of Vulcan Materials by 0.4% in the third quarter. Bank of America Corp DE now owns 2,318,474 shares of the construction company's stock valued at $713,209,000 after acquiring an additional 9,030 shares during the last quarter. Finally, Lone Pine Capital LLC acquired a new stake in shares of Vulcan Materials in the third quarter valued at about $425,938,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Activity

In other news, Director Melissa H. Anderson sold 1,137 shares of the business's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $303.72, for a total transaction of $345,329.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VMC. Wall Street Zen downgraded Vulcan Materials from a "hold" rating to a "sell" rating in a research report on Saturday, February 21st. Truist Financial lifted their price target on Vulcan Materials from $320.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday, February 19th. Barclays boosted their price target on Vulcan Materials from $296.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday. Stifel Nicolaus set a $333.00 price target on Vulcan Materials in a research report on Thursday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Vulcan Materials in a research report on Tuesday, January 27th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Vulcan Materials currently has an average rating of "Moderate Buy" and an average target price of $329.62.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $297.00 on Monday. The business's 50 day moving average price is $284.44 and its two-hundred day moving average price is $292.83. The company has a market cap of $38.54 billion, a PE ratio of 35.32, a price-to-earnings-growth ratio of 2.16 and a beta of 1.09. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a twelve month low of $252.35 and a twelve month high of $331.09.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.25. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share. On average, analysts predict that Vulcan Materials Company will post 9.28 EPS for the current year.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were issued a dividend of $0.52 per share. This is a boost from Vulcan Materials's previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, March 9th. Vulcan Materials's dividend payout ratio is presently 24.73%.

Vulcan Materials Profile

Vulcan Materials Company NYSE: VMC is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company's primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.

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