Vulcan Materials (NYSE:VMC) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 24.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 917,176 shares of the construction company's stock after buying an additional 181,030 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.69% of Vulcan Materials worth $235,925,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VMC. DAVENPORT & Co LLC raised its stake in Vulcan Materials by 149.4% during the fourth quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company's stock worth $2,416,000 after purchasing an additional 5,627 shares during the period. Smith Group Asset Management LLC purchased a new position in Vulcan Materials during the fourth quarter worth approximately $514,000. SYM FINANCIAL Corp purchased a new position in Vulcan Materials during the fourth quarter worth approximately $249,000. SG Americas Securities LLC raised its stake in Vulcan Materials by 64.9% during the fourth quarter. SG Americas Securities LLC now owns 7,910 shares of the construction company's stock worth $2,035,000 after purchasing an additional 3,113 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in Vulcan Materials by 42.9% during the fourth quarter. Jones Financial Companies Lllp now owns 3,599 shares of the construction company's stock worth $926,000 after purchasing an additional 1,081 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on VMC shares. Raymond James cut their price target on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Royal Bank of Canada increased their price objective on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 19th. Loop Capital dropped their price objective on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Stephens set a $315.00 price objective on shares of Vulcan Materials and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus increased their price objective on shares of Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $302.91.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock traded down $6.10 during trading hours on Wednesday, reaching $264.06. The company's stock had a trading volume of 707,406 shares, compared to its average volume of 949,475. The company's 50 day simple moving average is $250.95 and its 200 day simple moving average is $260.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. Vulcan Materials has a one year low of $215.08 and a one year high of $298.31. The stock has a market cap of $34.88 billion, a P/E ratio of 38.59, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84.

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

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a $0.49 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.96 annualized dividend and a yield of 0.74%. Vulcan Materials's dividend payout ratio is presently 27.80%.

Insider Activity at Vulcan Materials

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

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.