Nordea Investment Management AB Purchases 27,102 Shares of Vulcan Materials (NYSE:VMC)

Nordea Investment Management AB boosted its position in shares of Vulcan Materials (NYSE:VMC) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 585,596 shares of the construction company’s stock after buying an additional 27,102 shares during the period. Nordea Investment Management AB’s holdings in Vulcan Materials were worth $151,435,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of Vulcan Materials during the 3rd quarter valued at approximately $30,000. Concord Wealth Partners purchased a new stake in Vulcan Materials during the third quarter valued at $35,000. Washington Trust Advisors Inc. lifted its position in Vulcan Materials by 240.4% during the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after purchasing an additional 113 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Vulcan Materials in the 3rd quarter worth $42,000. Finally, Asset Dedication LLC increased its holdings in shares of Vulcan Materials by 146.5% in the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after buying an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of analyst reports. Stephens reaffirmed an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Barclays raised their price objective on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Truist Financial boosted their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup dropped their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research note on Monday. Finally, StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average price target of $288.83.

Vulcan Materials Trading Up 0.1 %

VMC opened at $257.27 on Tuesday. Vulcan Materials has a 52 week low of $219.73 and a 52 week high of $298.31. The company has a market capitalization of $33.98 billion, a P/E ratio of 40.58, a PEG ratio of 2.67 and a beta of 0.83. The stock’s fifty day moving average is $275.78 and its two-hundred day moving average is $258.10. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42.

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

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials’s payout ratio is currently 29.02%.

Vulcan Materials Profile

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.