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

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Vulcan Materials Company (NYSE:VMC) by 4.2% during the 3rd quarter, Holdings Channel reports. The fund owned 264,271 shares of the construction company’s stock after acquiring an additional 10,750 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Vulcan Materials were worth $81,295,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VMC. Westside Investment Management Inc. increased its position in shares of 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 position in shares of Vulcan Materials during the third quarter worth $29,000. Atlantic Union Bankshares Corp acquired a new position in shares of Vulcan Materials during the second quarter worth $32,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Vulcan Materials in the third quarter valued at $42,000. Finally, Bayforest Capital Ltd acquired a new stake in Vulcan Materials in the third quarter valued at $46,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research report on Tuesday, January 27th. Stifel Nicolaus set a $327.00 target price on Vulcan Materials in a research note on Monday, November 3rd. Citigroup increased their price target on shares of Vulcan Materials from $342.00 to $345.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Truist Financial boosted their price objective on shares of Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, DA Davidson dropped their target price on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $323.64.

Insider Buying and Selling at Vulcan Materials

In other news, SVP Denson N. Franklin III sold 665 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $295.00, for a total value of $196,175.00. Following the transaction, the senior vice president owned 8,284 shares of the company’s stock, valued at approximately $2,443,780. The trade was a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Thompson S. Baker II sold 7,135 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $300.81, for a total value of $2,146,279.35. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 8,937 shares of company stock worth $2,687,784. 0.62% of the stock is currently owned by insiders.

Vulcan Materials Stock Up 0.4%

Shares of NYSE:VMC opened at $310.10 on Friday. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $331.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.69 and a quick ratio of 1.97. The stock has a market cap of $40.49 billion, a P/E ratio of 38.19, a P/E/G ratio of 2.27 and a beta of 1.07. The firm has a fifty day moving average price of $304.42 and a 200 day moving average price of $297.52.

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

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, March 9th. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. Vulcan Materials’s payout ratio is 24.14%.

Vulcan Materials Company Profile

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.