Universal Beteiligungs und Servicegesellschaft mbH Trims Stake in Vulcan Materials Company $VMC

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in Vulcan Materials Company (NYSE:VMC) by 9.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 199,849 shares of the construction company’s stock after selling 19,740 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Vulcan Materials were worth $57,038,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fulton Bank N.A. raised its stake in Vulcan Materials by 4.1% during the 3rd quarter. Fulton Bank N.A. now owns 960 shares of the construction company’s stock valued at $295,000 after acquiring an additional 38 shares during the last quarter. Harfst & Associates Inc. raised its stake in Vulcan Materials by 0.6% during the 3rd quarter. Harfst & Associates Inc. now owns 6,416 shares of the construction company’s stock valued at $1,974,000 after acquiring an additional 38 shares during the last quarter. Capital Investment Advisors LLC raised its stake in Vulcan Materials by 5.5% during the 4th quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock valued at $206,000 after acquiring an additional 38 shares during the last quarter. United Capital Financial Advisors LLC raised its stake in Vulcan Materials by 1.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock valued at $952,000 after acquiring an additional 38 shares during the last quarter. Finally, Massachusetts Wealth Management raised its stake in Vulcan Materials by 0.7% during the 3rd quarter. Massachusetts Wealth Management now owns 5,470 shares of the construction company’s stock valued at $1,683,000 after acquiring an additional 40 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Wells Fargo & Company reduced their price objective on Vulcan Materials from $315.00 to $305.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 15th. Citigroup upped their price objective on Vulcan Materials from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Truist Financial upped their price objective on Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. DA Davidson reduced their price objective on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Finally, Morgan Stanley reduced their price objective on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and a consensus price target of $324.08.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $290.11 on Thursday. The company has a market cap of $37.85 billion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 2.19 and a beta of 1.10. The stock has a 50 day simple moving average of $286.75 and a 200-day simple moving average of $293.29. Vulcan Materials Company has a 12-month low of $241.91 and a 12-month high of $331.09. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Tuesday, February 17th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Vulcan Materials had a return on equity of 12.56% and a net margin of 13.56%.The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted $2.17 earnings per share. On average, equities analysts forecast that Vulcan Materials Company will post 9.17 EPS for the current year.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were paid a dividend of $0.52 per share. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, March 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is currently 25.62%.

Insider Activity

In other news, Director Melissa H. Anderson sold 1,137 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $303.72, for a total transaction of $345,329.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.65% of the company’s stock.

Vulcan Materials Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.