Nissay Asset Management Corp Japan ADV Acquires 3,926 Shares of Vulcan Materials (NYSE:VMC)

Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,136 shares of the construction company's stock after buying an additional 3,926 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Vulcan Materials were worth $10,530,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new stake in Vulcan Materials during the fourth quarter worth about $30,000. SBI Securities Co. Ltd. bought a new stake in Vulcan Materials during the fourth quarter worth about $31,000. Generali Asset Management SPA SGR bought a new stake in Vulcan Materials during the fourth quarter worth about $32,000. Kapitalo Investimentos Ltda bought a new stake in Vulcan Materials during the fourth quarter worth about $35,000. Finally, UMB Bank n.a. lifted its stake in Vulcan Materials by 138.5% during the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company's stock worth $48,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Down 0.8%

Shares of NYSE:VMC opened at $266.56 on Thursday. Vulcan Materials has a 52-week low of $215.08 and a 52-week 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 firm has a market capitalization of $35.21 billion, a P/E ratio of 38.91, a P/E/G ratio of 2.03 and a beta of 0.84. The stock has a 50 day moving average price of $243.72 and a 200-day moving average price of $260.41.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.64 billion. During the same quarter last year, the company earned $0.80 EPS. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts anticipate that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm 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. 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 27.80%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Stifel Nicolaus lifted their price target on Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. 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. Morgan Stanley boosted their target price on Vulcan Materials from $273.00 to $303.00 and gave the company an "equal weight" rating in a research note on Monday. Royal Bank of Canada boosted their target price on Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 19th. Finally, UBS Group lowered Vulcan Materials from a "buy" rating to a "neutral" rating and lowered their target price for the company from $343.00 to $258.00 in a research note on Monday, April 7th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $297.45.

About Vulcan Materials

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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