Gulf International Bank UK Ltd Sells 2,482 Shares of Vulcan Materials Company (NYSE:VMC)

Gulf International Bank UK Ltd decreased its holdings in Vulcan Materials Company (NYSE:VMC) by 23.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,929 shares of the construction company’s stock after selling 2,482 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Vulcan Materials were worth $1,849,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Vulcan Materials by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock valued at $3,896,031,000 after purchasing an additional 347,155 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Vulcan Materials by 5.6% in the 1st quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock valued at $1,625,583,000 after buying an additional 370,434 shares during the period. Principal Financial Group Inc. raised its position in shares of Vulcan Materials by 7.4% during the first quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company’s stock worth $1,518,291,000 after acquiring an additional 445,691 shares during the last quarter. Stockbridge Partners LLC raised its position in shares of Vulcan Materials by 11.3% during the fourth quarter. Stockbridge Partners LLC now owns 1,746,482 shares of the construction company’s stock worth $449,248,000 after acquiring an additional 177,918 shares during the last quarter. Finally, Alkeon Capital Management LLC raised its position in shares of Vulcan Materials by 54.1% during the fourth quarter. Alkeon Capital Management LLC now owns 1,282,001 shares of the construction company’s stock worth $329,769,000 after acquiring an additional 450,000 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

VMC stock opened at $293.76 on Friday. The business’s 50-day moving average price is $269.20 and its two-hundred day moving average price is $258.50. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The firm has a market cap of $38.81 billion, a PE ratio of 41.03, a P/E/G ratio of 2.42 and a beta of 0.83. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $298.31.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.20). The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.35 earnings per share. As a group, research analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.49 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.96 annualized dividend and a yield of 0.7%. Vulcan Materials’s payout ratio is currently 27.37%.

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of recent research reports. Morgan Stanley dropped their target price on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a research report on Monday, July 28th. Barclays boosted their target price on Vulcan Materials from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Citigroup restated a “buy” rating and set a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Raymond James Financial dropped their target price on Vulcan Materials from $300.00 to $295.00 and set an “outperform” rating for the company in a research report on Tuesday, April 29th. Finally, UBS Group upgraded Vulcan Materials from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $280.00 to $318.00 in a research report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.27.

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.