Swiss National Bank Has $117.14 Million Stake in Vulcan Materials Company $VMC

Swiss National Bank reduced its holdings in Vulcan Materials Company (NYSE:VMC) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,800 shares of the construction company’s stock after selling 19,100 shares during the quarter. Swiss National Bank owned approximately 0.29% of Vulcan Materials worth $117,142,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Westside Investment Management Inc. raised its position in Vulcan Materials by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after purchasing an additional 42 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Vulcan Materials in the third quarter valued at $29,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Vulcan Materials in the second quarter valued at $32,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Vulcan Materials in the third quarter valued at about $42,000. Finally, Bayforest Capital Ltd bought a new position in shares of Vulcan Materials in the third quarter valued at about $46,000. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Trading Down 0.9%

NYSE VMC opened at $271.90 on Wednesday. Vulcan Materials Company has a 12 month low of $218.83 and a 12 month high of $331.09. The stock has a 50-day simple moving average of $303.66 and a 200 day simple moving average of $297.39. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $35.50 billion, a PE ratio of 33.48, a P/E/G ratio of 2.03 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Tuesday, February 17th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.41). The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.95 billion. Vulcan Materials had a return on equity of 12.56% and a net margin of 13.56%.Vulcan Materials’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.17 earnings per share. Research analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.8%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date is Monday, March 9th. Vulcan Materials’s dividend payout ratio (DPR) is 25.62%.

Wall Street Analysts Forecast Growth

VMC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Vulcan Materials in a research report on Tuesday, January 27th. Wall Street Zen lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. DA Davidson decreased their price objective on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Finally, B. Riley Financial assumed coverage on Vulcan Materials in a research report on Thursday, January 15th. They set a “buy” rating and a $345.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.29.

Insider Buying and Selling at Vulcan Materials

In other news, President Thompson S. Baker II sold 7,135 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $300.81, for a total value of $2,146,279.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Melissa H. Anderson sold 1,137 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $303.72, for a total value of $345,329.64. The SEC filing for this sale provides additional information. 0.61% of the stock is owned by insiders.

About Vulcan Materials

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.