Arizona State Retirement System increased its position in Vulcan Materials (NYSE:VMC) by 9.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,894 shares of the construction company’s stock after buying an additional 6,304 shares during the quarter. Arizona State Retirement System’s holdings in Vulcan Materials were worth $9,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in VMC. WINTON GROUP Ltd acquired a new stake in Vulcan Materials during the 2nd quarter valued at approximately $218,000. Lord Abbett & CO. LLC increased its position in Vulcan Materials by 10.4% during the 2nd quarter. Lord Abbett & CO. LLC now owns 74,160 shares of the construction company’s stock valued at $9,395,000 after purchasing an additional 6,994 shares during the period. Shell Asset Management Co. increased its position in Vulcan Materials by 162.7% during the 3rd quarter. Shell Asset Management Co. now owns 22,200 shares of the construction company’s stock valued at $1,337,000 after purchasing an additional 13,748 shares during the period. Oakbrook Investments LLC increased its position in Vulcan Materials by 26.0% during the 3rd quarter. Oakbrook Investments LLC now owns 12,110 shares of the construction company’s stock valued at $1,448,000 after purchasing an additional 2,500 shares during the period. Finally, APG Asset Management N.V. increased its position in Vulcan Materials by 3.6% during the 3rd quarter. APG Asset Management N.V. now owns 201,223 shares of the construction company’s stock valued at $24,066,000 after purchasing an additional 7,000 shares during the period. 88.78% of the stock is owned by institutional investors.
A number of research firms have weighed in on VMC. Zacks Investment Research raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Wednesday, February 14th. Barclays began coverage on shares of Vulcan Materials in a research report on Tuesday, December 12th. They set an “overweight” rating and a $135.00 target price for the company. Jefferies Group reissued a “hold” rating and set a $135.00 target price on shares of Vulcan Materials in a research report on Wednesday, January 17th. Bank of America increased their target price on shares of Vulcan Materials from $129.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Finally, Citigroup increased their target price on shares of Vulcan Materials from $144.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $146.00.
Vulcan Materials (VMC) opened at $126.57 on Monday. The stock has a market capitalization of $16,743.31, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 1.77 and a beta of 0.84. Vulcan Materials has a twelve month low of $108.95 and a twelve month high of $141.20. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60.
Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Friday, February 16th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $977.50 million for the quarter, compared to analysts’ expectations of $929.36 million. Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 EPS. sell-side analysts anticipate that Vulcan Materials will post 4.42 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.88%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, February 22nd. Vulcan Materials’s dividend payout ratio is presently 22.42%.
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Vulcan Materials Profile
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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