SEB Asset Management AB Invests $7.40 Million in Vulcan Materials Company $VMC

SEB Asset Management AB purchased a new stake in Vulcan Materials Company (NYSE:VMC) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 27,165 shares of the construction company’s stock, valued at approximately $7,397,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Atria Investments Inc boosted its stake in shares of Vulcan Materials by 54.1% during the fourth 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 period. Y.D. More Investments Ltd purchased a new stake in Vulcan Materials during the 4th quarter valued at approximately $1,318,000. North Dakota State Investment Board acquired a new stake in Vulcan Materials during the 4th quarter worth approximately $1,293,000. ABC Arbitrage SA purchased a new position in shares of Vulcan Materials in the 4th quarter valued at approximately $5,821,000. Finally, Westfield Capital Management Co. LP increased its holdings in shares of Vulcan Materials by 7.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 254,044 shares of the construction company’s stock valued at $72,459,000 after purchasing an additional 17,488 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the sale, the senior vice president owned 8,716 shares in the company, valued at $2,547,599.64. This trade represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is owned by company insiders.

Vulcan Materials Trading Down 1.5%

Shares of VMC stock opened at $276.35 on Wednesday. The business’s fifty day moving average price is $286.48 and its 200 day moving average price is $290.84. The firm has a market capitalization of $35.86 billion, a PE ratio of 32.86, a P/E/G ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.Vulcan Materials’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 earnings per share. As a group, sell-side analysts forecast that Vulcan Materials Company will post 9.23 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is currently 24.73%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group lowered their price objective on shares of Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Raymond James Financial reaffirmed an “outperform” rating on shares of Vulcan Materials in a report on Wednesday, July 15th. Morgan Stanley dropped their price target on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Citigroup cut their price target on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Stephens raised their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.79.

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.