Vaughan Nelson Investment Management L.P. Has $57.44 Million Position in Vulcan Materials Company $VMC

Vaughan Nelson Investment Management L.P. reduced its stake in Vulcan Materials Company (NYSE:VMC) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 220,217 shares of the construction company’s stock after selling 5,818 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Vulcan Materials were worth $57,437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VMC. Principal Financial Group Inc. lifted its holdings in Vulcan Materials by 7.4% in the 1st quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company’s stock worth $1,518,291,000 after purchasing an additional 445,691 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Vulcan Materials by 11,723.8% in the 1st quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company’s stock worth $99,278,000 after purchasing an additional 421,939 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Vulcan Materials by 5.6% in the 1st quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock worth $1,625,583,000 after purchasing an additional 370,434 shares during the last quarter. Nuveen LLC acquired a new stake in Vulcan Materials in the 1st quarter worth approximately $82,659,000. Finally, Vanguard Group Inc. increased 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 worth $3,896,031,000 after buying an additional 347,155 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $305.13 on Friday. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $309.17. The firm has a market capitalization of $40.31 billion, a PE ratio of 42.62, a PEG ratio of 2.48 and a beta of 0.92. The business’s 50 day moving average is $291.36 and its 200-day moving average is $268.67. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data 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). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the business posted $2.35 EPS. Vulcan Materials’s revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were paid a $0.49 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.96 annualized dividend and a yield of 0.6%. Vulcan Materials’s payout ratio is currently 27.37%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Morgan Stanley dropped their price target on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Monday, July 28th. Barclays lifted their price target on Vulcan Materials from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a research report on Saturday, September 27th. Citigroup reaffirmed a “buy” rating and issued a $321.00 price target (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Finally, Royal Bank Of Canada dropped their price target on Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $308.36.

Insider Buying and Selling

In related news, SVP David P. Clement sold 698 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $298.56, for a total value of $208,394.88. Following the sale, the senior vice president owned 2,832 shares of the company’s stock, valued at $845,521.92. The trade was a 19.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Vulcan Materials Company 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.