Vulcan Materials Company $VMC Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,664 shares of the construction company’s stock after purchasing an additional 1,807 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Vulcan Materials were worth $12,739,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Vulcan Materials by 1.8% in the third quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock valued at $5,293,274,000 after acquiring an additional 311,539 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Vulcan Materials by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 7,924,285 shares of the construction company’s stock valued at $2,437,669,000 after acquiring an additional 99,298 shares in the last quarter. Geode Capital Management LLC raised its holdings in Vulcan Materials by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,576,172 shares of the construction company’s stock valued at $1,016,168,000 after acquiring an additional 32,012 shares in the last quarter. Bank of America Corp DE raised its holdings in Vulcan Materials by 0.4% in the third quarter. Bank of America Corp DE now owns 2,318,474 shares of the construction company’s stock valued at $713,209,000 after acquiring an additional 9,030 shares in the last quarter. Finally, Lone Pine Capital LLC acquired a new stake in Vulcan Materials in the third quarter valued at approximately $425,938,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Up 0.2%

VMC stock opened at $282.06 on Wednesday. The company has a current ratio of 2.59, a quick ratio of 1.89 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 company’s 50 day moving average is $280.29 and its two-hundred day moving average is $290.36. The stock has a market cap of $36.60 billion, a P/E ratio of 33.54, a PEG ratio of 2.03 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data 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 net margin of 13.81% and a return on equity of 12.95%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the company earned $1.00 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.73%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VMC shares. DA Davidson reduced their target price on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Wells Fargo & Company raised their target price on shares of Vulcan Materials from $305.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Royal Bank Of Canada raised their target price on shares of Vulcan Materials from $296.00 to $298.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Stephens raised their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the company a “hold” rating in a report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $326.92.

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.