Intech Investment Management LLC lifted its position in shares of Vulcan Materials Company (NYSE:VMC – Free Report) by 70.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,988 shares of the construction company’s stock after acquiring an additional 2,068 shares during the quarter. Intech Investment Management LLC’s holdings in Vulcan Materials were worth $1,423,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Vulcan Materials by 1.8% during the third quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock worth $5,293,274,000 after acquiring an additional 311,539 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Vulcan Materials by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 7,924,285 shares of the construction company’s stock worth $2,437,669,000 after acquiring an additional 99,298 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Vulcan Materials by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,576,172 shares of the construction company’s stock worth $1,016,168,000 after acquiring an additional 32,012 shares during the last quarter. Bank of America Corp DE raised its position in shares of Vulcan Materials by 0.4% during the third quarter. Bank of America Corp DE now owns 2,318,474 shares of the construction company’s stock worth $713,209,000 after acquiring an additional 9,030 shares during the last quarter. Finally, Lone Pine Capital LLC bought a new stake in shares of Vulcan Materials during the third quarter worth $425,938,000. Institutional investors own 90.39% of the company’s stock.
Vulcan Materials Stock Down 0.6%
Shares of Vulcan Materials stock opened at $281.49 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The business has a fifty day simple moving average of $281.77 and a 200 day simple moving average of $290.24. The stock has a market cap of $36.53 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 2.04 and a beta of 1.05.
Vulcan Materials Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is 24.73%.
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 $322.00 to $321.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Royal Bank Of Canada boosted their target price on Vulcan Materials from $296.00 to $298.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Berenberg Bank set a $283.00 target price on Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday. Zacks Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Citigroup decreased their price objective on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Vulcan Materials has a consensus rating of “Hold” and an average price target of $326.92.
View Our Latest Stock Report on VMC
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.
Featured Articles
- Five stocks we like better than Vulcan Materials
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials Company (NYSE:VMC – Free Report).
Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.
