Voya Investment Management LLC Has $126.34 Million Holdings in Vulcan Materials Company $VMC

Voya Investment Management LLC boosted its stake in Vulcan Materials Company (NYSE:VMC) by 25.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 412,175 shares of the construction company’s stock after purchasing an additional 82,706 shares during the period. Voya Investment Management LLC owned about 0.31% of Vulcan Materials worth $126,339,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VMC. Norges Bank bought a new stake in shares of Vulcan Materials in the 2nd quarter valued at about $308,908,000. JPMorgan Chase & Co. raised its position in shares of Vulcan Materials by 12.3% during the second quarter. JPMorgan Chase & Co. now owns 7,824,987 shares of the construction company’s stock worth $2,040,914,000 after acquiring an additional 857,210 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Vulcan Materials by 598.5% in the second quarter. Franklin Resources Inc. now owns 719,924 shares of the construction company’s stock worth $187,771,000 after acquiring an additional 616,850 shares during the period. Jones Financial Companies Lllp boosted its holdings in Vulcan Materials by 11,723.8% in the first quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company’s stock valued at $99,278,000 after acquiring an additional 421,939 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Vulcan Materials by 71.3% in the second quarter. AQR Capital Management LLC now owns 566,909 shares of the construction company’s stock valued at $147,861,000 after acquiring an additional 236,058 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, President Thompson S. Baker II sold 7,135 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $300.81, for a total transaction of $2,146,279.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Denson N. Franklin III sold 665 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $295.00, for a total transaction of $196,175.00. Following the completion of the transaction, the senior vice president directly owned 8,284 shares in the company, valued at $2,443,780. This trade represents a 7.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 20,471 shares of company stock valued at $6,054,615. Company insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Raymond James Financial raised their price target on shares of Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. DA Davidson lifted their target price on shares of Vulcan Materials from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Barclays boosted their target price on shares of Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a report on Monday, October 20th. JPMorgan Chase & Co. increased their price target on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Finally, Stifel Nicolaus set a $327.00 price objective on Vulcan Materials in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $317.58.

Vulcan Materials Trading Up 1.3%

NYSE:VMC opened at $292.11 on Friday. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $311.74. The company has a current ratio of 2.23, a quick ratio of 1.56 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $38.60 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 2.36 and a beta of 1.06. The firm has a fifty day simple moving average of $292.18 and a two-hundred day simple moving average of $284.71.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Vulcan Materials had a net margin of 14.19% and a return on equity of 13.47%. The business’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.22 EPS. Analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, November 10th. Vulcan Materials’s dividend payout ratio (DPR) is 23.28%.

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.