Mn Services Vermogensbeheer B.V. Has $13.33 Million Stock Position in Vulcan Materials (NYSE:VMC)

Mn Services Vermogensbeheer B.V. raised its stake in Vulcan Materials (NYSE:VMC) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,800 shares of the construction company’s stock after acquiring an additional 800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Vulcan Materials were worth $13,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Vulcan Materials in the third quarter valued at approximately $30,000. Washington Trust Advisors Inc. lifted its holdings in Vulcan Materials by 240.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after buying an additional 113 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Vulcan Materials in the 3rd quarter valued at $42,000. UMB Bank n.a. increased its stake in shares of Vulcan Materials by 138.5% in the 4th quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock valued at $48,000 after buying an additional 108 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in shares of Vulcan Materials during the third quarter worth $57,000. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $245.34 on Friday. Vulcan Materials has a 12 month low of $225.36 and a 12 month high of $298.31. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $32.40 billion, a PE ratio of 35.82, a PEG ratio of 2.03 and a beta of 0.84. The stock’s fifty day simple moving average is $264.63 and its 200 day simple moving average is $261.54.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.41. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the business posted $1.46 EPS. On average, research analysts predict that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Monday, March 10th. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio is 28.61%.

Analyst Ratings Changes

VMC has been the topic of several recent research reports. Royal Bank of Canada raised their price target on Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a report on Wednesday, February 19th. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Morgan Stanley lifted their price target on shares of Vulcan Materials from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday. 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 for the company. Finally, Truist Financial raised their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus price target of $304.55.

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.