PGGM Investments Has $301,000 Stock Holdings in Vulcan Materials (NYSE:VMC)

PGGM Investments lifted its holdings in shares of Vulcan Materials (NYSE:VMC) by 65.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,211 shares of the construction company’s stock after purchasing an additional 479 shares during the quarter. PGGM Investments’ holdings in Vulcan Materials were worth $301,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its position in Vulcan Materials by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock valued at $4,368,273,000 after acquiring an additional 755,991 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Vulcan Materials by 1.9% in the first quarter. Principal Financial Group Inc. now owns 4,494,455 shares of the construction company’s stock valued at $1,226,627,000 after purchasing an additional 83,601 shares during the last quarter. Capital World Investors acquired a new stake in shares of Vulcan Materials in the first quarter valued at approximately $388,027,000. Dimensional Fund Advisors LP increased its holdings in Vulcan Materials by 7.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,256,372 shares of the construction company’s stock worth $285,200,000 after buying an additional 83,337 shares during the last quarter. Finally, Norges Bank acquired a new position in Vulcan Materials during the fourth quarter worth $282,528,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Down 0.5 %

VMC traded down $1.34 on Wednesday, reaching $242.50. The company’s stock had a trading volume of 865,662 shares, compared to its average volume of 799,176. The stock has a 50 day moving average of $251.67 and a two-hundred day moving average of $256.49. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $32.07 billion, a price-to-earnings ratio of 35.40, a P/E/G ratio of 2.19 and a beta of 0.82. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $278.79.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company earned $2.29 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, analysts forecast that Vulcan Materials will post 8 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, August 15th. Vulcan Materials’s dividend payout ratio is currently 26.86%.

Insider Activity

In other news, SVP David P. Clement sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $254.50, for a total value of $254,500.00. Following the completion of the transaction, the senior vice president now owns 2,660 shares in the company, valued at $676,970. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VMC shares. Jefferies Financial Group upped their price objective on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Truist Financial decreased their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Stephens cut their target price on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada dropped their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Finally, Citigroup decreased their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $274.73.

Vulcan Materials 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.