Resona Asset Management Co. Ltd. Has $11.20 Million Stock Holdings in Vulcan Materials Company $VMC

Resona Asset Management Co. Ltd. trimmed its position in shares of Vulcan Materials Company (NYSE:VMCFree Report) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,097 shares of the construction company’s stock after selling 2,425 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Vulcan Materials were worth $11,198,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in VMC. ProShare Advisors LLC lifted its stake in shares of Vulcan Materials by 6.2% in the fourth quarter. ProShare Advisors LLC now owns 27,251 shares of the construction company’s stock worth $7,773,000 after acquiring an additional 1,598 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Vulcan Materials by 5.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,522 shares of the construction company’s stock worth $1,004,000 after acquiring an additional 195 shares during the period. North Dakota State Investment Board acquired a new position in shares of Vulcan Materials in the fourth quarter worth approximately $1,293,000. Ranch Capital Advisors Inc. lifted its stake in shares of Vulcan Materials by 5.0% in the fourth quarter. Ranch Capital Advisors Inc. now owns 1,525 shares of the construction company’s stock worth $435,000 after acquiring an additional 73 shares during the period. Finally, Canada Post Corp Registered Pension Plan lifted its stake in shares of Vulcan Materials by 25.3% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 3,470 shares of the construction company’s stock worth $990,000 after acquiring an additional 700 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the company’s 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 document filed with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank Of Canada lifted their price objective on Vulcan Materials from $296.00 to $298.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Wall Street Zen raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Vulcan Materials in a research note on Tuesday, January 27th. Zacks Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, DA Davidson dropped their price target on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and an average price target of $330.58.

Check Out Our Latest Stock Report on VMC

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $263.06 on Thursday. 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 twelve month low of $252.35 and a twelve month high of $331.09. The stock’s 50 day moving average is $279.12 and its 200-day moving average is $291.37. The firm has a market capitalization of $34.13 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 1.88 and a beta of 1.09.

Vulcan Materials (NYSE:VMCGet Free Report) last issued its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the firm earned $1.00 earnings per share. Vulcan Materials’s revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts forecast that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 22nd. Vulcan Materials’s dividend payout ratio is presently 24.73%.

Vulcan Materials Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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