Vulcan Materials (NYSE:VMC) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in shares of Vulcan Materials (NYSE:VMC) by 15.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,807 shares of the construction company’s stock after selling 2,005 shares during the period. Intech Investment Management LLC’s holdings in Vulcan Materials were worth $2,706,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. grew its position in Vulcan Materials by 19.9% during the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after acquiring an additional 884,580 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Vulcan Materials by 18.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after purchasing an additional 330,433 shares during the period. Ceredex Value Advisors LLC raised its holdings in Vulcan Materials by 136.3% in the third quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company’s stock valued at $89,117,000 after buying an additional 205,260 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Vulcan Materials by 1,191.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,005 shares of the construction company’s stock valued at $39,541,000 after buying an additional 146,695 shares during the period. Finally, AQR Capital Management LLC lifted its position in Vulcan Materials by 136.1% during the second quarter. AQR Capital Management LLC now owns 184,471 shares of the construction company’s stock valued at $45,874,000 after buying an additional 106,324 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VMC has been the topic of a number of research reports. Stephens cut their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. UBS Group began coverage on Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective on the stock. Royal Bank of Canada decreased their target price on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Citigroup lowered their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Barclays boosted their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.46.

Vulcan Materials Price Performance

Shares of VMC stock opened at $284.61 on Friday. The firm has a fifty day moving average of $261.25 and a two-hundred day moving average of $254.63. The firm has a market cap of $37.59 billion, a P/E ratio of 44.89, a P/E/G ratio of 2.72 and a beta of 0.81. Vulcan Materials has a 1-year low of $209.60 and a 1-year high of $298.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business posted $2.29 earnings per share. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. As a group, research analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s dividend payout ratio is currently 29.02%.

Vulcan Materials Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.