Gulf International Bank UK Ltd Reduces Stock Position in Vulcan Materials (NYSE:VMC)

Gulf International Bank UK Ltd reduced its holdings in Vulcan Materials (NYSE:VMC) by 1.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,411 shares of the construction company’s stock after selling 111 shares during the period. Gulf International Bank UK Ltd’s holdings in Vulcan Materials were worth $2,678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in VMC. Principal Financial Group Inc. grew its stake in shares of Vulcan Materials by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after buying an additional 884,580 shares in the last quarter. Ceredex Value Advisors LLC grew its stake in shares of Vulcan Materials by 136.3% in the 3rd quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company’s stock worth $89,117,000 after buying an additional 205,260 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Vulcan Materials by 32.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company’s stock worth $184,353,000 after buying an additional 178,634 shares in the last quarter. Artemis Investment Management LLP grew its stake in shares of Vulcan Materials by 67.9% in the 4th quarter. Artemis Investment Management LLP now owns 402,106 shares of the construction company’s stock worth $103,434,000 after buying an additional 162,567 shares in the last quarter. Finally, Stockbridge Partners LLC boosted its stake in shares of Vulcan Materials by 9.6% during the 3rd quarter. Stockbridge Partners LLC now owns 1,568,564 shares of the construction company’s stock worth $392,815,000 after purchasing an additional 137,365 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Trading Up 1.0 %

Shares of VMC opened at $247.55 on Friday. Vulcan Materials has a 1-year low of $225.36 and a 1-year high of $298.31. The company has a 50-day moving average of $264.32 and a 200 day moving average of $261.58. The firm has a market capitalization of $32.69 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 2.03 and a beta of 0.84. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business posted $1.46 EPS. On average, research analysts expect that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.79%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s payout ratio is currently 28.61%.

Analysts Set New Price Targets

VMC has been the subject of a number of recent analyst reports. UBS Group initiated coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 price target for the company. Stephens reaffirmed an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a research note on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Citigroup dropped their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Truist Financial lifted their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $304.55.

Vulcan Materials Company Profile

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.