Vulcan Materials (NYSE:VMC) Stock Position Raised by Nordea Investment Management AB

Nordea Investment Management AB increased its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 50.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,713 shares of the construction company's stock after purchasing an additional 10,991 shares during the quarter. Nordea Investment Management AB's holdings in Vulcan Materials were worth $7,384,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new position in Vulcan Materials during the 3rd quarter valued at about $25,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in Vulcan Materials during the 3rd quarter worth approximately $27,000. Exchange Traded Concepts LLC bought a new stake in shares of Vulcan Materials during the fourth quarter worth approximately $28,000. Achmea Investment Management B.V. bought a new position in shares of Vulcan Materials during the 1st quarter valued at about $29,000. Finally, OLD Point Trust & Financial Services N A bought a new position in Vulcan Materials in the second quarter valued at $37,000. Hedge funds and other institutional investors own 90.10% of the company's stock.

Insider Buying and Selling

In other Vulcan Materials news, VP Randy L. Pigg sold 307 shares of Vulcan Materials stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total transaction of $78,367.89. Following the sale, the vice president now owns 1,896 shares in the company, valued at $483,991.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Vulcan Materials news, VP Randy L. Pigg sold 307 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total value of $78,367.89. Following the completion of the sale, the vice president now owns 1,896 shares in the company, valued at $483,991.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Denson N. Franklin III sold 3,200 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the transaction, the senior vice president now owns 5,395 shares of the company's stock, valued at $1,453,844.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,017 shares of company stock worth $3,344,741. Insiders own 0.62% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Vulcan Materials in a research report on Monday, January 8th. They set an "equal weight" rating and a $208.00 price target on the stock. Truist Financial lifted their price target on Vulcan Materials from $260.00 to $300.00 and gave the stock a "buy" rating in a report on Tuesday, February 20th. Stifel Nicolaus raised their target price on Vulcan Materials from $260.00 to $279.00 and gave the stock a "buy" rating in a research note on Tuesday, December 19th. Wolfe Research cut shares of Vulcan Materials from an "outperform" rating to a "peer perform" rating in a research report on Friday, March 8th. Finally, Raymond James raised their price target on Vulcan Materials from $225.00 to $240.00 and gave the stock an "outperform" rating in a research note on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $262.54.

Vulcan Materials Trading Down 0.4 %

NYSE:VMC traded down $1.23 on Friday, hitting $274.36. The stock had a trading volume of 581,555 shares, compared to its average volume of 846,259. The stock has a market cap of $36.28 billion, a price-to-earnings ratio of 39.31, a PEG ratio of 1.99 and a beta of 0.83. The company has a quick ratio of 2.39, a current ratio of 3.17 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average price of $247.23 and a two-hundred day moving average price of $224.71. Vulcan Materials has a 1-year low of $161.69 and a 1-year high of $275.87.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings data on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.06. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the company earned $1.08 EPS. The business's quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts expect that Vulcan Materials will post 8.36 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Vulcan Materials's previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a yield of 0.67%. Vulcan Materials's payout ratio is presently 26.36%.

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 Aggregates segment 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.