Vulcan Materials (NYSE:VMC) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its stake in Vulcan Materials (NYSE:VMC) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,842 shares of the construction company’s stock after acquiring an additional 390 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Vulcan Materials were worth $872,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in Vulcan Materials by 2.4% during the 4th quarter. Brighton Jones LLC now owns 1,916 shares of the construction company’s stock valued at $435,000 after purchasing an additional 45 shares in the last quarter. Greenleaf Trust grew its holdings in Vulcan Materials by 2.7% during the third quarter. Greenleaf Trust now owns 2,008 shares of the construction company’s stock worth $406,000 after acquiring an additional 52 shares during the period. Stonegate Investment Group LLC raised its position in Vulcan Materials by 0.3% in the fourth quarter. Stonegate Investment Group LLC now owns 20,255 shares of the construction company’s stock worth $4,598,000 after acquiring an additional 52 shares in the last quarter. Signaturefd LLC lifted its holdings in Vulcan Materials by 3.7% in the 3rd quarter. Signaturefd LLC now owns 1,498 shares of the construction company’s stock valued at $303,000 after acquiring an additional 54 shares during the last quarter. Finally, MCF Advisors LLC grew its stake in shares of Vulcan Materials by 22.4% in the 4th quarter. MCF Advisors LLC now owns 295 shares of the construction company’s stock worth $67,000 after purchasing an additional 54 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Price Performance

NYSE:VMC opened at $260.77 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81. The stock has a market cap of $34.49 billion, a P/E ratio of 38.07, a PEG ratio of 1.96 and a beta of 0.83. The company has a fifty day moving average price of $265.40 and a 200 day moving average price of $242.47. Vulcan Materials has a one year low of $190.51 and a one year high of $276.58.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.11). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.50 billion. Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The company’s revenue was down 6.2% on a year-over-year basis. During the same period last year, the company earned $0.95 EPS. Analysts anticipate that Vulcan Materials will post 8.53 earnings per share for the current year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.84 annualized dividend and a dividend yield of 0.71%. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.86%.

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of recent research reports. Citigroup increased their price objective on Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $270.00 price objective (up from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Royal Bank of Canada upped their price target on shares of Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Raymond James lifted their price objective on shares of Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Truist Financial increased their target price on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average price target of $277.08.

Insider Activity at Vulcan Materials

In other news, President Thompson S. Baker II sold 6,610 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $272.64, for a total value of $1,802,150.40. Following the sale, the president now directly owns 4,784 shares in the company, valued at approximately $1,304,309.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, President Thompson S. Baker II sold 6,610 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the completion of the sale, the president now directly owns 4,784 shares of the company’s stock, valued at approximately $1,304,309.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total value of $862,336.00. Following the sale, the senior vice president now owns 5,395 shares in the company, valued at approximately $1,453,844.60. The disclosure for this sale can be found here. Insiders have sold a total of 19,610 shares of company stock valued at $5,324,432 over the last quarter. 0.62% of the stock is owned by company insiders.

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.