UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $219.21 Million Stock Holdings in Vulcan Materials Company $VMC

Key Points

• UBS AM increased its stake in Vulcan Materials by 2.4%, owning 939,596 shares worth approximately $219.21 million as of the latest SEC filing.
• Vulcan Materials saw a revenue increase of 4.4% year-over-year, reporting $2.10 billion for the quarter, although it missed analysts' earnings estimates.
• Several analysts have revised their target prices for Vulcan Materials, with Barclays setting a new target at $305 and Citigroup raising it to $321, indicating a generally positive outlook on the stock.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 939,596 shares of the construction company's stock after buying an additional 22,420 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.71% of Vulcan Materials worth $219,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VMC. Principal Financial Group Inc. increased its stake in shares of Vulcan Materials by 7.4% in the first 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 during the period. Jones Financial Companies Lllp grew its stake in Vulcan Materials by 11,723.8% during the first quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company's stock worth $99,278,000 after purchasing an additional 421,939 shares during the period. GAMMA Investing LLC grew its stake in Vulcan Materials by 29,580.1% during the first quarter. GAMMA Investing LLC now owns 398,010 shares of the construction company's stock worth $92,856,000 after purchasing an additional 396,669 shares during the period. JPMorgan Chase & Co. grew its stake in Vulcan Materials by 5.6% during the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company's stock worth $1,625,583,000 after purchasing an additional 370,434 shares during the period. Finally, Nuveen LLC acquired a new stake in Vulcan Materials during the first quarter worth approximately $82,659,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Trading Up 2.5%

Shares of Vulcan Materials stock opened at $301.78 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $302.22. The stock has a 50 day moving average price of $281.42 and a two-hundred day moving average price of $261.72. The stock has a market capitalization of $39.87 billion, a PE ratio of 42.15, a price-to-earnings-growth ratio of 2.41 and a beta of 0.86.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced 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 net margin of 12.52% and a return on equity of 12.81%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the business posted $2.35 EPS. The company's revenue was up 4.4% on a year-over-year basis. As a group, equities analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 14th. Vulcan Materials's dividend payout ratio (DPR) is currently 27.37%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VMC. Barclays raised their target price on Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Morgan Stanley decreased their target price on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a research note on Monday, July 28th. Citigroup reaffirmed a "buy" rating and set a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. JPMorgan Chase & Co. raised their target price on Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Finally, UBS Group raised Vulcan Materials from a "neutral" rating to a "buy" rating and raised their target price for the stock from $280.00 to $318.00 in a research note on Friday, May 16th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $308.36.

Vulcan Materials 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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