Vulcan Materials Company $VMC Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in Vulcan Materials Company (NYSE:VMC) by 0.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,293,316 shares of the construction company’s stock after acquiring an additional 3,931 shares during the period. Dimensional Fund Advisors LP owned approximately 0.98% of Vulcan Materials worth $397,795,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. National Pension Service increased its position in shares of Vulcan Materials by 0.8% during the second quarter. National Pension Service now owns 175,458 shares of the construction company’s stock worth $45,763,000 after acquiring an additional 1,455 shares during the period. Principal Financial Group Inc. increased its holdings in Vulcan Materials by 5.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock worth $2,345,703,000 after purchasing an additional 414,828 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Vulcan Materials by 12.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,824,987 shares of the construction company’s stock valued at $2,040,914,000 after buying an additional 857,210 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Vulcan Materials by 104.3% during the third quarter. Commonwealth Equity Services LLC now owns 72,113 shares of the construction company’s stock worth $22,183,000 after buying an additional 36,823 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Vulcan Materials by 19.3% in the second quarter. American Century Companies Inc. now owns 256,789 shares of the construction company’s stock valued at $66,976,000 after acquiring an additional 41,504 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Truist Financial boosted their target price on shares of Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Morgan Stanley set a $320.00 price objective on shares of Vulcan Materials in a research report on Wednesday. Wells Fargo & Company reduced their target price on Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Weiss Ratings restated a “buy (b)” rating on shares of Vulcan Materials in a report on Tuesday, January 27th. Finally, B. Riley Financial began coverage on Vulcan Materials in a research report on Thursday, January 15th. They set a “buy” rating and a $345.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average target price of $326.14.

Insider Buying and Selling at Vulcan Materials

In other news, SVP Denson N. Franklin III sold 665 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $295.00, for a total transaction of $196,175.00. Following the completion of the sale, the senior vice president owned 8,284 shares in the company, valued at approximately $2,443,780. The trade was a 7.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Melissa H. Anderson sold 1,137 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $303.72, for a total transaction of $345,329.64. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 8,937 shares of company stock valued at $2,687,784. Company insiders own 0.62% of the company’s stock.

Vulcan Materials Stock Performance

NYSE VMC opened at $295.67 on Thursday. The business’s 50-day moving average price is $304.88 and its 200 day moving average price is $297.70. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $331.09. The company has a market capitalization of $38.61 billion, a PE ratio of 36.41, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company earned $2.17 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. On average, research analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, March 9th. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.14%.

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.