Daiwa Securities Group Inc. Grows Position in Vulcan Materials (NYSE:VMC)

Daiwa Securities Group Inc. lifted its holdings in Vulcan Materials (NYSE:VMC) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,967 shares of the construction company’s stock after buying an additional 1,373 shares during the period. Daiwa Securities Group Inc.’s holdings in Vulcan Materials were worth $8,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. United Asset Strategies Inc. lifted its stake in Vulcan Materials by 1.1% in the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock worth $938,000 after purchasing an additional 39 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Vulcan Materials by 2.3% during the third quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after buying an additional 44 shares in the last quarter. Marcum Wealth LLC grew its holdings in Vulcan Materials by 5.7% in the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock valued at $214,000 after buying an additional 46 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Vulcan Materials by 61.8% in the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after buying an additional 47 shares during the period. Finally, Golden State Equity Partners grew its position in Vulcan Materials by 4.5% in the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock worth $275,000 after acquiring an additional 47 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Up 2.0 %

VMC stock opened at $290.34 on Tuesday. The company’s 50 day simple moving average is $262.20 and its 200-day simple moving average is $254.67. The firm has a market capitalization of $38.34 billion, a P/E ratio of 45.79, a P/E/G ratio of 2.75 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. Vulcan Materials has a 52-week low of $209.60 and a 52-week high of $298.31.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.12). The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business’s revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.29 EPS. As a group, equities research analysts anticipate that Vulcan Materials will post 7.16 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is presently 29.02%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VMC. Citigroup dropped their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a report on Thursday, August 8th. UBS Group began coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target for the company. Stephens cut their price target on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. reduced their target price on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Royal Bank of Canada lowered their price objective on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $280.46.

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.