Vulcan Materials Company $VMC Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in Vulcan Materials Company (NYSE:VMC) by 14.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 53,620 shares of the construction company’s stock after acquiring an additional 6,825 shares during the period. Daiwa Securities Group Inc.’s holdings in Vulcan Materials were worth $13,985,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Brighton Jones LLC acquired a new position in Vulcan Materials in the fourth quarter valued at $497,000. Atria Wealth Solutions Inc. grew its holdings in Vulcan Materials by 7.8% in the 1st quarter. Atria Wealth Solutions Inc. now owns 3,870 shares of the construction company’s stock valued at $903,000 after buying an additional 281 shares during the period. Citigroup Inc. increased its stake in shares of Vulcan Materials by 64.0% during the 1st quarter. Citigroup Inc. now owns 144,372 shares of the construction company’s stock valued at $33,682,000 after acquiring an additional 56,354 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Vulcan Materials during the 1st quarter worth about $115,000. Finally, Townsquare Capital LLC lifted its holdings in shares of Vulcan Materials by 12.2% during the 1st quarter. Townsquare Capital LLC now owns 8,351 shares of the construction company’s stock worth $1,948,000 after acquiring an additional 907 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In other Vulcan Materials news, President Thompson S. Baker II sold 5,818 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $292.26, for a total value of $1,700,368.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David P. Clement sold 2,000 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total transaction of $577,100.00. Following the sale, the senior vice president owned 832 shares in the company, valued at $240,073.60. This represents a 70.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 13,369 shares of company stock valued at $3,920,556. 0.61% of the stock is owned by company insiders.

Vulcan Materials Stock Performance

NYSE:VMC opened at $291.19 on Wednesday. The firm’s fifty day simple moving average is $293.73 and its 200 day simple moving average is $283.41. The company has a current ratio of 2.23, a quick ratio of 1.56 and a debt-to-equity ratio of 0.50. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $311.74. The firm has a market capitalization of $38.48 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 2.42 and a beta of 1.06.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.72 by $0.12. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Vulcan Materials had a return on equity of 13.47% and a net margin of 14.19%.The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company posted $2.22 earnings per share. As a group, equities research analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Monday, November 10th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.96 annualized dividend and a yield of 0.7%. Vulcan Materials’s payout ratio is 23.28%.

Analyst Ratings Changes

VMC has been the subject of a number of recent analyst reports. Wells Fargo & Company upgraded shares of Vulcan Materials to a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Vulcan Materials in a research note on Thursday, October 30th. Stifel Nicolaus set a $327.00 target price on Vulcan Materials in a research report on Monday, November 3rd. Barclays lifted their target price on Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Citigroup lowered their price target on Vulcan Materials from $356.00 to $342.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $317.58.

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.