Vulcan Materials Company $VMC Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in shares of Vulcan Materials Company (NYSE:VMC) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,664 shares of the construction company’s stock after purchasing an additional 1,807 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Vulcan Materials were worth $12,739,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westside Investment Management Inc. grew its position in shares of Vulcan Materials by 100.0% during the third quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. NBT Bank N A NY purchased a new position in shares of Vulcan Materials during the fourth quarter worth approximately $26,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Vulcan Materials during the third quarter worth approximately $29,000. Godsey & Gibb Inc. purchased a new position in shares of Vulcan Materials during the fourth quarter worth approximately $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Vulcan Materials during the third quarter worth approximately $30,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

NYSE:VMC opened at $282.06 on Wednesday. The firm’s fifty day moving average price is $280.29 and its 200 day moving average price is $290.36. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The firm has a market cap of $36.60 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm posted $1.00 EPS. Vulcan Materials’s quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, May 22nd. Vulcan Materials’s dividend payout ratio (DPR) is 24.73%.

Analysts Set New Price Targets

VMC has been the topic of a number of research reports. Stephens raised their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Wells Fargo & Company raised their target price on shares of Vulcan Materials from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Wall Street Zen upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Raymond James Financial set a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $326.92.

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.