Mn Services Vermogensbeheer B.V. Trims Position in Vulcan Materials (NYSE:VMC)

Mn Services Vermogensbeheer B.V. decreased its position in shares of Vulcan Materials (NYSE:VMC) by 2.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 51,000 shares of the construction company’s stock after selling 1,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Vulcan Materials were worth $12,772,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cetera Advisors LLC lifted its stake in shares of Vulcan Materials by 118.1% during the first quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock valued at $1,132,000 after buying an additional 2,245 shares during the period. Mather Group LLC. lifted its stake in shares of Vulcan Materials by 16.1% during the second quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock valued at $134,000 after buying an additional 68 shares during the period. Raymond James & Associates lifted its stake in shares of Vulcan Materials by 3.0% during the second quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock valued at $50,367,000 after buying an additional 5,979 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of Vulcan Materials by 150.1% during the first quarter. Avantax Advisory Services Inc. now owns 4,006 shares of the construction company’s stock valued at $1,093,000 after buying an additional 2,404 shares during the period. Finally, Tidal Investments LLC increased its position in Vulcan Materials by 87.1% during the first quarter. Tidal Investments LLC now owns 9,591 shares of the construction company’s stock worth $2,618,000 after purchasing an additional 4,466 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Barclays upped their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Royal Bank of Canada dropped their price target on shares of 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. Finally, Citigroup dropped their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and a consensus price target of $274.75.

Vulcan Materials Price Performance

Shares of VMC stock opened at $272.67 on Wednesday. The company has a market capitalization of $36.01 billion, a PE ratio of 43.01, a price-to-earnings-growth ratio of 2.58 and a beta of 0.81. The firm has a fifty day simple moving average of $248.71 and a 200-day simple moving average of $252.40. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. Vulcan Materials has a twelve month low of $206.11 and a twelve month high of $279.47.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. Vulcan Materials’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.29 earnings per share. Equities research analysts anticipate that Vulcan Materials will post 7.2 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.67%. Vulcan Materials’s dividend payout ratio (DPR) is 29.02%.

About Vulcan Materials

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.