KBC Group NV Decreases Stock Holdings in Vulcan Materials Company $VMC

KBC Group NV reduced its position in shares of Vulcan Materials Company (NYSE:VMC) by 5.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 70,145 shares of the construction company’s stock after selling 4,117 shares during the quarter. KBC Group NV’s holdings in Vulcan Materials were worth $19,100,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Chesapeake Capital Corp IL increased its position in shares of Vulcan Materials by 0.9% in the fourth quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock valued at $1,059,000 after acquiring an additional 33 shares during the period. Composition Wealth LLC boosted its holdings in shares of Vulcan Materials by 3.5% during the fourth quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after purchasing an additional 34 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of Vulcan Materials by 5.5% during the fourth quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock worth $206,000 after purchasing an additional 38 shares during the period. Truist Financial Corp grew its stake in shares of Vulcan Materials by 0.3% in the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock worth $3,802,000 after purchasing an additional 38 shares during the last quarter. Finally, United Capital Financial Advisors LLC grew its stake in shares of Vulcan Materials by 1.2% in the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock worth $952,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

VMC stock opened at $276.35 on Wednesday. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The company has a market cap of $35.86 billion, a P/E ratio of 32.86, a PEG ratio of 2.03 and a beta of 1.05. The firm has a 50-day moving average of $286.48 and a 200 day moving average of $290.84. 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 (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm posted $1.00 EPS. The business’s revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts forecast that Vulcan Materials Company will post 9.23 EPS for the current year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s dividend payout ratio is presently 24.73%.

Analyst Ratings Changes

VMC has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Raymond James Financial reiterated an “outperform” rating on shares of Vulcan Materials in a research report on Wednesday, July 15th. Wells Fargo & Company reduced their target price on Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Berenberg Bank set a $283.00 target price on Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, June 2nd. Finally, Stephens raised their price target on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $327.79.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the transaction, the senior vice president owned 8,716 shares in the company, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is currently owned by insiders.

Vulcan Materials 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.