Danske Bank A S Makes New $18.70 Million Investment in Vulcan Materials Company $VMC

Danske Bank A S acquired a new position in Vulcan Materials Company (NYSE:VMC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 63,403 shares of the construction company’s stock, valued at approximately $18,705,000.

A number of other large investors also recently modified their holdings of the stock. Burkett Financial Services LLC bought a new stake in Vulcan Materials during the second quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new position in Vulcan Materials during the 3rd quarter valued at $30,000. Birchwood Financial Partners Inc. purchased a new position in Vulcan Materials during the 4th quarter worth $29,000. Meeder Asset Management Inc. boosted its holdings in Vulcan Materials by 71.7% during the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after acquiring an additional 43 shares during the last quarter. Finally, WPG Advisers LLC boosted its holdings in Vulcan Materials by 56.4% during the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after acquiring an additional 44 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Stephens increased their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Barclays increased their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Wall Street Zen downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Stifel Nicolaus set a $333.00 price target on Vulcan Materials in a research report on Thursday, April 30th. Finally, UBS Group dropped their price target on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and a consensus price target of $327.93.

Insiders Place Their Bets

In other news, SVP David P. Clement sold 2,212 shares of Vulcan Materials stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the transaction, the senior vice president owned 8,716 shares in the company, valued at $2,547,599.64. This trade represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is owned by corporate insiders.

Vulcan Materials Stock Down 2.1%

Shares of NYSE VMC opened at $270.63 on Friday. Vulcan Materials Company has a one year low of $252.35 and a one year high of $331.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. The business’s fifty day moving average price is $289.41 and its 200-day moving average price is $287.69. The stock has a market capitalization of $35.07 billion, a PE ratio of 31.95, a P/E/G ratio of 1.99 and a beta of 1.06.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the company earned $2.42 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is currently 24.56%.

Vulcan Materials Profile

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.