Vontobel Holding Ltd. Has $277.98 Million Holdings in Vulcan Materials Company (NYSE:VMC)

Vontobel Holding Ltd. lessened its position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 6.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,191,521 shares of the construction company's stock after selling 84,655 shares during the period. Vulcan Materials comprises 1.0% of Vontobel Holding Ltd.'s investment portfolio, making the stock its 27th biggest holding. Vontobel Holding Ltd. owned about 0.90% of Vulcan Materials worth $277,982,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VMC. Opal Wealth Advisors LLC acquired a new stake in shares of Vulcan Materials during the first quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. purchased a new stake in shares of Vulcan Materials in the fourth quarter valued at approximately $31,000. Generali Asset Management SPA SGR acquired a new position in Vulcan Materials during the fourth quarter worth $32,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Vulcan Materials in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $270.00, for a total value of $405,000.00. Following the sale, the senior vice president directly owned 2,832 shares in the company, valued at approximately $764,640. This represents a 34.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.62% of the company's stock.

Vulcan Materials Stock Up 0.2%

NYSE:VMC traded up $0.53 on Friday, hitting $266.24. 421,723 shares of the company's stock traded hands, compared to its average volume of 980,655. The firm has a 50-day moving average price of $264.17 and a 200-day moving average price of $256.29. The company has a market cap of $35.17 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 2.37 and a beta of 0.82. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $298.31. The company has a current ratio of 2.42, a quick ratio of 1.51 and a debt-to-equity ratio of 0.60.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.80 by $0.20. Vulcan Materials had a net margin of 12.50% and a return on equity of 12.91%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the business posted $0.80 earnings per share. The business's quarterly revenue was up 5.8% on a year-over-year basis. Equities analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.96 annualized dividend and a yield of 0.74%. Vulcan Materials's dividend payout ratio is 27.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Vulcan Materials from $273.00 to $303.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Stephens set a $315.00 target price on Vulcan Materials and gave the company an "overweight" rating in a research note on Thursday, May 1st. Stifel Nicolaus upped their target price on shares of Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Seaport Res Ptn upgraded shares of Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. Finally, Wolfe Research raised shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research note on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Vulcan Materials has an average rating of "Moderate Buy" and a consensus target price of $302.91.

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.