Swiss National Bank Grows Stock Position in Vulcan Materials (NYSE:VMC)

Swiss National Bank boosted its holdings in shares of Vulcan Materials (NYSE:VMC) by 0.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 392,600 shares of the construction company’s stock after purchasing an additional 1,100 shares during the period. Swiss National Bank owned about 0.30% of Vulcan Materials worth $98,319,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VMC. Capital World Investors purchased a new position in Vulcan Materials during the 1st quarter valued at about $388,027,000. Principal Financial Group Inc. boosted its position in Vulcan Materials by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after acquiring an additional 884,580 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Vulcan Materials by 18.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock valued at $533,551,000 after acquiring an additional 330,433 shares in the last quarter. Ceredex Value Advisors LLC boosted its position in Vulcan Materials by 136.3% during the 3rd quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company’s stock valued at $89,117,000 after acquiring an additional 205,260 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Vulcan Materials by 1,191.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,005 shares of the construction company’s stock valued at $39,541,000 after acquiring an additional 146,695 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

VMC has been the topic of several research reports. Truist Financial lifted their price objective on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup lowered their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. 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 target price for the company. Stephens decreased their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and an average price target of $280.46.

Vulcan Materials Stock Down 0.2 %

NYSE VMC opened at $278.74 on Tuesday. The stock has a market cap of $36.81 billion, a PE ratio of 43.97, a P/E/G ratio of 2.68 and a beta of 0.81. Vulcan Materials has a 12 month low of $209.39 and a 12 month high of $298.31. The stock’s 50 day moving average is $257.61 and its 200 day moving average is $254.15. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the company earned $2.29 earnings per share. The firm’s revenue was down 8.3% on a year-over-year basis. Research analysts predict that Vulcan Materials will post 7.2 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, November 4th. This represents a $1.84 annualized dividend and a yield of 0.66%. Vulcan Materials’s payout ratio is presently 29.02%.

Vulcan Materials 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.