Nykredit A S Makes New Investment in Vulcan Materials Company $VMC

Nykredit A S purchased a new position in Vulcan Materials Company (NYSE:VMC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 57,745 shares of the construction company’s stock, valued at approximately $17,035,000.

Other institutional investors also recently modified their holdings of the company. Chesapeake Capital Corp IL raised its stake in Vulcan Materials by 0.9% during the fourth quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock worth $1,059,000 after buying an additional 33 shares during the last quarter. Truist Financial Corp grew its holdings in Vulcan Materials by 0.3% during the 4th quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock worth $3,802,000 after acquiring an additional 38 shares during the period. United Capital Financial Advisors LLC raised its position in shares of Vulcan Materials by 1.2% in the 3rd quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock worth $952,000 after acquiring an additional 38 shares in the last quarter. 4WEALTH Advisors Inc. raised its position in shares of Vulcan Materials by 3.2% in the 1st quarter. 4WEALTH Advisors Inc. now owns 1,261 shares of the construction company’s stock worth $337,000 after acquiring an additional 39 shares in the last quarter. Finally, Harbour Investments Inc. lifted its stake in shares of Vulcan Materials by 28.2% in the 4th quarter. Harbour Investments Inc. now owns 182 shares of the construction company’s stock valued at $52,000 after purchasing an additional 40 shares during the period. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VMC shares. Citigroup cut their target price on Vulcan Materials from $355.00 to $350.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Oppenheimer initiated coverage on Vulcan Materials in a research note on Thursday, May 28th. They issued a “market perform” rating on the stock. Berenberg Bank set a $283.00 price target on Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday, June 2nd. DA Davidson began coverage on shares of Vulcan Materials in a research report on Tuesday, August 25th. They set a “buy” rating and a $330.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $328.64.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David Clement sold 2,000 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the transaction, the senior vice president owned 6,716 shares in the company, valued at approximately $1,914,731.60. This represents a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director J. Hill sold 14,000 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the transaction, the director owned 58,209 shares in the company, valued at approximately $16,075,579.53. The trade was a 19.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,212 shares of company stock valued at $5,083,125 in the last 90 days. 0.65% of the stock is currently owned by company insiders.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $262.93 on Friday. The business has a 50-day simple moving average of $282.33 and a 200 day simple moving average of $284.11. Vulcan Materials Company has a one year low of $252.35 and a one year high of $331.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. The firm has a market capitalization of $34.07 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.34 and a beta of 1.05.

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

Vulcan Materials Dividend Announcement

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

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.