Nykredit A S Acquires Shares of 57,745 Vulcan Materials Company $VMC

Nykredit A S acquired a new position in shares of Vulcan Materials Company (NYSE:VMC) during the second quarter, Holdings Channel reports. The fund acquired 57,745 shares of the construction company’s stock, valued at approximately $17,035,000.

Several other institutional investors have also recently made changes to their positions in VMC. Atria Investments Inc boosted its stake in shares of Vulcan Materials by 54.1% in the 4th quarter. Atria Investments Inc now owns 12,334 shares of the construction company’s stock worth $3,518,000 after buying an additional 4,331 shares during the last quarter. SCS Capital Management LLC purchased a new stake in shares of Vulcan Materials during the second quarter valued at approximately $19,628,000. BlackRock Inc. bought a new stake in Vulcan Materials during the second quarter worth $2,868,444,000. Westfield Capital Management Co. LP lifted its holdings in Vulcan Materials by 7.4% during the fourth quarter. Westfield Capital Management Co. LP now owns 254,044 shares of the construction company’s stock worth $72,459,000 after acquiring an additional 17,488 shares during the period. Finally, Palmer Knight Co purchased a new position in Vulcan Materials in the second quarter worth $9,458,000. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Up 1.0%

VMC opened at $262.93 on Friday. The company has a 50 day moving average of $282.33 and a 200 day moving average of $284.11. The company has a market cap of $34.07 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the business earned $2.42 EPS. Vulcan Materials’s revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts expect that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th were given a $0.52 dividend. The ex-dividend date was Thursday, August 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. Vulcan Materials’s payout ratio is 24.56%.

Insiders Place Their Bets

In other Vulcan Materials news, Director J. Hill sold 14,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $276.17, for a total value of $3,866,380.00. Following the completion of the transaction, the director owned 58,209 shares in the company, valued at $16,075,579.53. This trade represents a 19.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David P. Clement sold 2,000 shares of Vulcan Materials stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total value of $570,200.00. Following the transaction, the senior vice president directly owned 6,716 shares of the company’s stock, valued at $1,914,731.60. The trade was a 22.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 18,212 shares of company stock worth $5,083,125. 0.65% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Berenberg Bank set a $283.00 price objective on Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. UBS Group cut their price target on shares of Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Oppenheimer initiated coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Vulcan Materials in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and an average price target of $328.64.

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.