ING Groep NV Increases Position in Vulcan Materials (NYSE:VMC)

ING Groep NV boosted its stake in Vulcan Materials (NYSE:VMC) by 38.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 56,662 shares of the construction company’s stock after acquiring an additional 15,766 shares during the quarter. ING Groep NV’s holdings in Vulcan Materials were worth $14,190,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on VMC shares. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Truist Financial increased their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. decreased their price target on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Barclays increased their target price on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Finally, UBS Group assumed coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average price target of $280.46.

Vulcan Materials Trading Down 1.8 %

VMC opened at $282.57 on Friday. The firm’s 50 day moving average is $254.71 and its 200-day moving average is $253.79. Vulcan Materials has a 52-week low of $209.39 and a 52-week high of $298.31. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $37.32 billion, a P/E ratio of 44.57, a P/E/G ratio of 2.76 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business earned $2.29 EPS. Vulcan Materials’s revenue for the quarter was down 8.3% compared to the same quarter last year. Analysts expect that Vulcan Materials will post 7.2 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.65%. Vulcan Materials’s payout ratio is 29.02%.

Vulcan Materials Company Profile

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.