6 days Ago By Defense World Staff
Wellington Management Group LLP raised its stake in Vulcan Materials (NYSE:VMC – Free Report) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 969 shares of the construction company’s stock after acquiring an additional 51 shares during the quarter.
Wellington Management Group LLP’s holdings in Vulcan Materials were worth $249,000 as of its most recent filing with the Securities & Exchange Commission. Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc.
boosted 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 worth $1,332,431,000 after purchasing an additional 884,580 shares during the period. Barclays PLC increased its position in shares of Vulcan Materials by 29.0% in the third quarter.
Barclays PLC now owns 472,194 shares of the construction company’s stock worth $118,251,000 after purchasing an additional 106,187 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Vulcan Materials in the 3rd quarter worth $811,000. Wilmington Savings Fund Society FSB purchased a new stake in Vulcan Materials during the third quarter valued at about $671,000.
Finally, Tidal Investments LLC lifted its position in Vulcan Materials by 185.0% in the 3rd quarter. Tidal Investments LLC now owns 21,661 shares of the construction company’s stock worth $5,425,000 after buying an additional 14,061 shares during the last quarter.
90.39% of the stock is owned by institutional investors. Vulcan Materials Stock PerformanceVMC opened at $243.
52 on Tuesday. Vulcan Materials has a 12-month low of $215.08 and a 12-month high of $298.
31. The company’s 50 day moving average is $243.83 and its 200 day moving average is $259.
64. The company has a current ratio of 1.83, a quick ratio of 2.
02 and a debt-to-equity ratio of 0.60. The company has a market cap of $32.
21 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 2.03 and a beta of 0.
80. Vulcan Materials (NYSE:VMC – Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.
17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.41.
The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion.
Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%.
During the same period in the previous year, the company posted $1.46 EPS. On average, equities research analysts predict that Vulcan Materials will post 8.
69 EPS for the current year. Vulcan Materials Increases DividendThe firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.
49 per share. This represents a $1.96 annualized dividend and a yield of 0.
80%. The ex-dividend date was Monday, March 10th. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.
46. Vulcan Materials’s dividend payout ratio (DPR) is 28.61%.
Analysts Set New Price TargetsSeveral analysts have weighed in on VMC shares. Seaport Res Ptn raised shares of Vulcan Materials to a “strong-buy” rating in a research note on Friday, March 21st. Stephens reissued an “overweight” rating and set a $325.
00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. Royal Bank of Canada increased their target price on Vulcan Materials from $269.00 to $286.
00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 19th. Loop Capital decreased their price target on shares of Vulcan Materials from $325.00 to $320.
00 and set a “buy” rating for the company in a research note on Tuesday, April 1st. Finally, Raymond James lowered their price objective on Vulcan Materials from $298.00 to $295.
00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $298.00.Check Out Our Latest Report on VMCVulcan Materials Profile (Free Report)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.Further ReadingFive stocks we like better than Vulcan MaterialsNatural Gas Prices Continue To Rally, These Stocks Should BenefitWhy NVIDIA Stock Could Soar Despite Wall Street DowngradesElection Stocks: How Elections Affect the Stock MarketTop 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or HoldWhat is the Euro STOXX 50 Index?3 Hot New IPOs Defying the 2025 Market Slump.
