Mn Services Vermogensbeheer B.V. Has $11.22 Million Stock Holdings in Vulcan Materials (NYSE:VMC)

Mn Services Vermogensbeheer B.V. trimmed its position in Vulcan Materials (NYSE:VMC) by 7.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 48,100 shares of the construction company’s stock after selling 3,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Vulcan Materials were worth $11,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Vulcan Materials by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 16,352,507 shares of the construction company’s stock valued at $4,206,355,000 after buying an additional 90,157 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Vulcan Materials by 13.9% during the 4th quarter. Principal Financial Group Inc. now owns 6,062,201 shares of the construction company’s stock valued at $1,559,380,000 after acquiring an additional 741,631 shares during the period. Geode Capital Management LLC lifted its position in shares of Vulcan Materials by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 3,348,418 shares of the construction company’s stock valued at $859,171,000 after acquiring an additional 36,833 shares during the period. Stockbridge Partners LLC lifted its position in shares of Vulcan Materials by 11.3% during the 4th quarter. Stockbridge Partners LLC now owns 1,746,482 shares of the construction company’s stock valued at $449,248,000 after acquiring an additional 177,918 shares during the period. Finally, Norges Bank bought a new stake in shares of Vulcan Materials during the 4th quarter valued at $380,369,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP David P. Clement sold 1,500 shares of Vulcan Materials stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $270.00, for a total transaction of $405,000.00. Following the sale, the senior vice president now directly owns 2,832 shares of the company’s stock, valued at approximately $764,640. This trade represents a 34.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Seaport Res Ptn upgraded Vulcan Materials to a “strong-buy” rating in a research report on Friday, March 21st. Royal Bank of Canada upped their target price on Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 19th. Raymond James cut 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. Loop Capital cut their target price on Vulcan Materials from $325.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. upgraded Vulcan Materials from a “neutral” rating to an “overweight” rating and cut their target price for the company from $290.00 to $285.00 in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $302.91.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $260.98 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $298.31. The stock has a market capitalization of $34.48 billion, a P/E ratio of 38.10, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The stock has a fifty day moving average of $259.20 and a 200-day moving average of $257.88.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.20. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 EPS. On average, sell-side analysts expect that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, May 23rd. Vulcan Materials’s payout ratio is 27.80%.

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.