Vaughan Nelson Investment Management L.P. Purchases 31,975 Shares of Vulcan Materials Company $VMC

Vaughan Nelson Investment Management L.P. lifted its holdings in Vulcan Materials Company (NYSE:VMC) by 14.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,192 shares of the construction company’s stock after acquiring an additional 31,975 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.19% of Vulcan Materials worth $77,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VMC. ORG Partners LLC grew its stake in Vulcan Materials by 86.3% during the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after purchasing an additional 44 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Vulcan Materials in the second quarter valued at approximately $32,000. Concord Wealth Partners bought a new position in shares of Vulcan Materials during the 2nd quarter worth approximately $33,000. Steph & Co. acquired a new stake in shares of Vulcan Materials during the 2nd quarter worth approximately $55,000. Finally, Clearstead Trust LLC grew its position in shares of Vulcan Materials by 71.7% during the 2nd quarter. Clearstead Trust LLC now owns 218 shares of the construction company’s stock worth $57,000 after buying an additional 91 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $299.70 on Wednesday. The stock has a market cap of $39.60 billion, a price-to-earnings ratio of 35.59, a PEG ratio of 2.10 and a beta of 1.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.56 and a current ratio of 2.23. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $311.74. The firm’s 50-day simple moving average is $291.04 and its 200 day simple moving average is $287.56.

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

Vulcan Materials Announces Dividend

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 $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, November 10th. Vulcan Materials’s dividend payout ratio is presently 23.28%.

Analyst Ratings Changes

A number of research firms recently issued reports on VMC. Barclays boosted their target price on shares of Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Raymond James Financial upped their price objective on shares of Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Citigroup decreased their target price 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. 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 has an average rating of “Moderate Buy” and an average target price of $317.58.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of Vulcan Materials stock in a transaction 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 transaction, the senior vice president directly owned 832 shares of the company’s stock, valued at $240,073.60. The trade was a 70.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Denson N. Franklin III sold 665 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $2,443,780. The trade was a 7.43% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 20,471 shares of company stock worth $6,054,615. Corporate insiders own 0.61% of the company’s stock.

About Vulcan Materials

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.