Vulcan Materials Company $VMC Holdings Increased by Geneva Capital Management LLC

Geneva Capital Management LLC raised its position in shares of Vulcan Materials Company (NYSE:VMC) by 13.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 60,148 shares of the construction company’s stock after acquiring an additional 7,041 shares during the period. Geneva Capital Management LLC’s holdings in Vulcan Materials were worth $18,503,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Vulcan Materials by 1.8% in the third quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock valued at $5,293,274,000 after acquiring an additional 311,539 shares during the period. JPMorgan Chase & Co. boosted its holdings in Vulcan Materials by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 7,924,285 shares of the construction company’s stock valued at $2,437,669,000 after acquiring an additional 99,298 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Vulcan Materials by 5.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock valued at $2,345,703,000 after purchasing an additional 414,828 shares during the period. State Street Corp increased its stake in shares of Vulcan Materials by 1.7% during the 2nd quarter. State Street Corp now owns 5,558,791 shares of the construction company’s stock worth $1,449,844,000 after purchasing an additional 95,256 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Vulcan Materials by 0.8% during the second quarter. Geode Capital Management LLC now owns 3,491,618 shares of the construction company’s stock worth $906,961,000 after acquiring an additional 27,531 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $303.72, for a total transaction of $345,329.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on VMC. Royal Bank Of Canada cut their target price on Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a research note on Wednesday, March 4th. Wall Street Zen downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Truist Financial raised their price target on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, B. Riley Financial assumed coverage on shares of Vulcan Materials in a research note on Thursday, January 15th. They issued a “buy” rating and a $345.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and a consensus target price of $326.29.

Vulcan Materials Stock Down 1.9%

Shares of NYSE VMC opened at $266.74 on Thursday. Vulcan Materials Company has a one year low of $218.87 and a one year high of $331.09. The business’s fifty day moving average price is $303.29 and its 200-day moving average price is $297.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.69 and a quick ratio of 1.97. The stock has a market capitalization of $34.83 billion, a PE ratio of 32.85, a P/E/G ratio of 2.01 and a beta of 1.05.

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

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be issued a $0.52 dividend. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date is Monday, March 9th. This represents a $2.08 annualized dividend and a yield of 0.8%. Vulcan Materials’s dividend payout ratio (DPR) is currently 25.62%.

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.