Vulcan Materials (NYSE:VMC) Position Raised by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its position in shares of Vulcan Materials (NYSE:VMC) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,904 shares of the construction company’s stock after purchasing an additional 186 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Vulcan Materials were worth $978,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of VMC. Metis Global Partners LLC raised its holdings in shares of Vulcan Materials by 3.0% in the 3rd quarter. Metis Global Partners LLC now owns 4,880 shares of the construction company’s stock worth $1,222,000 after purchasing an additional 142 shares in the last quarter. Zions Bancorporation N.A. grew its holdings in shares of Vulcan Materials by 234.5% in the 3rd quarter. Zions Bancorporation N.A. now owns 893 shares of the construction company’s stock worth $224,000 after acquiring an additional 626 shares during the last quarter. KBC Group NV raised its position in shares of Vulcan Materials by 111.6% during the third quarter. KBC Group NV now owns 112,295 shares of the construction company’s stock worth $28,122,000 after purchasing an additional 59,228 shares during the period. Huntington National Bank lifted its holdings in shares of Vulcan Materials by 2.3% during the third quarter. Huntington National Bank now owns 2,268 shares of the construction company’s stock valued at $568,000 after purchasing an additional 52 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Vulcan Materials by 4.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,722 shares of the construction company’s stock worth $1,433,000 after purchasing an additional 237 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

VMC has been the subject of several recent analyst reports. UBS Group assumed coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price for the company. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. JPMorgan Chase & Co. decreased their price objective on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Royal Bank of Canada reduced their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Finally, Stephens dropped their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and an average price target of $280.46.

Vulcan Materials Price Performance

NYSE:VMC opened at $279.28 on Friday. Vulcan Materials has a one year low of $209.39 and a one year high of $298.31. The stock has a market cap of $36.88 billion, a P/E ratio of 44.05, a PEG ratio of 2.76 and a beta of 0.81. The company has a fifty day moving average price of $255.72 and a 200 day moving average price of $253.99. 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 (NYSE:VMC) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business posted $2.29 EPS. Vulcan Materials’s revenue for the quarter was down 8.3% compared to the same quarter last year. Analysts anticipate that Vulcan Materials will post 7.2 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.66%. Vulcan Materials’s payout ratio is 29.02%.

Vulcan Materials Company 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.