Mitsubishi UFJ Asset Management Co. Ltd. Has $66.12 Million Holdings in Vulcan Materials Company $VMC

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Vulcan Materials Company (NYSE:VMC) by 7.3% during the second quarter, Holdings Channel.com reports. The fund owned 253,521 shares of the construction company’s stock after purchasing an additional 17,168 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Vulcan Materials were worth $66,123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VMC. Jones Financial Companies Lllp boosted its holdings in Vulcan Materials by 11,723.8% during the first quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company’s stock worth $99,278,000 after buying an additional 421,939 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Vulcan Materials by 5.6% during the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock worth $1,625,583,000 after acquiring an additional 370,434 shares in the last quarter. Nuveen LLC acquired a new position in shares of Vulcan Materials in the 1st quarter valued at approximately $82,659,000. Vanguard Group Inc. increased its stake in Vulcan Materials by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock worth $3,896,031,000 after purchasing an additional 347,155 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Vulcan Materials by 310.6% during the first quarter. National Bank of Canada FI now owns 299,954 shares of the construction company’s stock worth $69,979,000 after acquiring an additional 226,908 shares during the period. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In other news, SVP David P. Clement sold 698 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction of $208,394.88. Following the completion of the sale, the senior vice president directly owned 2,832 shares in the company, valued at $845,521.92. This represents a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Thompson S. Baker II sold 5,818 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $292.26, for a total value of $1,700,368.68. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.62% of the company’s stock.

Vulcan Materials Stock Performance

NYSE VMC opened at $287.62 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $311.74. The stock has a market cap of $38.00 billion, a PE ratio of 40.17, a PEG ratio of 2.39 and a beta of 0.95. The firm’s fifty day moving average price is $296.24 and its two-hundred day moving average price is $279.55.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.22 EPS. On average, equities analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 10th will be issued a $0.49 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.96 annualized dividend and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is presently 23.28%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VMC shares. Stifel Nicolaus set a $327.00 target price on Vulcan Materials in a research report on Monday, November 3rd. Royal Bank Of Canada decreased their price target on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. DA Davidson raised their target price on shares of Vulcan Materials from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. upped their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Vulcan Materials in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $317.58.

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.