Vulcan Materials (NYSE:VMC) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 14.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,885 shares of the construction company's stock after purchasing an additional 8,866 shares during the quarter. Mackenzie Financial Corp owned 0.05% of Vulcan Materials worth $18,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Vulcan Materials in the fourth quarter worth about $380,369,000. Principal Financial Group Inc. boosted its stake in shares of Vulcan Materials by 13.9% in the 4th quarter. Principal Financial Group Inc. now owns 6,062,201 shares of the construction company's stock valued at $1,559,380,000 after purchasing an additional 741,631 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in Vulcan Materials by 28,529.4% during the 4th quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company's stock valued at $134,694,000 after acquiring an additional 521,802 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Vulcan Materials by 239.8% in the fourth quarter. BNP Paribas Financial Markets now owns 739,003 shares of the construction company's stock worth $190,094,000 after purchasing an additional 521,508 shares during the last quarter. Finally, Alkeon Capital Management LLC increased its position in shares of Vulcan Materials by 54.1% in the fourth quarter. Alkeon Capital Management LLC now owns 1,282,001 shares of the construction company's stock valued at $329,769,000 after acquiring an additional 450,000 shares during the period. Institutional investors own 90.39% of the company's stock.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 1,500 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $270.00, for a total transaction of $405,000.00. Following the completion of the sale, the senior vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

VMC has been the topic of several research analyst reports. Royal Bank of Canada boosted their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 19th. Raymond James cut their target price on Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Citigroup restated a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Stephens set a $315.00 price target on shares of Vulcan Materials and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. upgraded Vulcan Materials from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $290.00 to $285.00 in a research report on Wednesday, March 19th. Three 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $302.91.

Vulcan Materials Price Performance

Shares of VMC stock traded up $2.70 during trading hours on Thursday, reaching $265.23. The company had a trading volume of 2,118,459 shares, compared to its average volume of 960,992. Vulcan Materials has a 12-month low of $215.08 and a 12-month high of $298.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. The company has a market capitalization of $35.04 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 2.03 and a beta of 0.84. The stock has a fifty day moving average of $251.50 and a 200-day moving average of $260.09.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. During the same period in the prior year, the business earned $0.80 EPS. The firm's quarterly revenue was up 5.8% on a year-over-year basis. On average, equities analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Friday, May 23rd. Vulcan Materials's dividend payout ratio (DPR) is presently 27.80%.

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.