Vulcan Materials (NYSE:VMC) Holdings Reduced by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd decreased its position in Vulcan Materials (NYSE:VMC) by 39.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,529 shares of the construction company’s stock after selling 3,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Vulcan Materials were worth $1,134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can grew its position in Vulcan Materials by 0.5% in the 3rd quarter. Bank of Montreal Can now owns 173,625 shares of the construction company’s stock worth $43,448,000 after purchasing an additional 836 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Vulcan Materials by 38.9% in the third quarter. Brown Brothers Harriman & Co. now owns 136,737 shares of the construction company’s stock valued at $34,243,000 after acquiring an additional 38,329 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Vulcan Materials by 4.1% in the third quarter. Daiwa Securities Group Inc. now owns 34,967 shares of the construction company’s stock valued at $8,757,000 after acquiring an additional 1,373 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Vulcan Materials by 4.6% in the third quarter. Larson Financial Group LLC now owns 10,254 shares of the construction company’s stock valued at $2,568,000 after acquiring an additional 454 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. boosted its holdings in shares of Vulcan Materials by 7.1% in the third quarter. Sompo Asset Management Co. Ltd. now owns 2,100 shares of the construction company’s stock valued at $526,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VMC. Stephens decreased their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. UBS Group began coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective for the company. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Barclays raised their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, Truist Financial raised their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $283.92.

Vulcan Materials Stock Down 0.7 %

VMC stock opened at $286.39 on Thursday. Vulcan Materials has a 12-month low of $209.60 and a 12-month 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 company has a market cap of $37.82 billion, a price-to-earnings ratio of 45.17, a PEG ratio of 2.81 and a beta of 0.81. The company has a 50 day moving average of $263.91 and a two-hundred day moving average of $255.01.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the company earned $2.29 EPS. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, equities analysts anticipate that Vulcan Materials will post 7.16 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, November 27th. Stockholders of record on Monday, November 4th were issued a dividend of $0.46 per share. The ex-dividend date was Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.64%. Vulcan Materials’s dividend payout ratio is currently 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.