Vulcan Materials (NYSE:VMC) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Vulcan Materials (NYSE:VMC) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,102 shares of the construction company’s stock after acquiring an additional 148 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Vulcan Materials were worth $704,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new position in Vulcan Materials during the fourth quarter worth about $28,000. Covestor Ltd raised its stake in Vulcan Materials by 273.4% during the third quarter. Covestor Ltd now owns 295 shares of the construction company’s stock worth $60,000 after purchasing an additional 216 shares during the period. GAMMA Investing LLC purchased a new position in Vulcan Materials during the fourth quarter worth about $61,000. CVA Family Office LLC purchased a new position in Vulcan Materials during the fourth quarter worth about $62,000. Finally, MCF Advisors LLC raised its stake in Vulcan Materials by 22.4% during the fourth quarter. MCF Advisors LLC now owns 295 shares of the construction company’s stock worth $67,000 after purchasing an additional 54 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Raymond James boosted their price target on shares of Vulcan Materials from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Morgan Stanley started coverage on shares of Vulcan Materials in a research note on Monday, January 8th. They set an “equal weight” rating and a $208.00 target price on the stock. Wolfe Research downgraded shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Finally, Citigroup upped their target price on shares of Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $273.00.

Vulcan Materials Trading Up 1.0 %

NYSE VMC opened at $261.24 on Friday. The firm has a 50 day moving average of $264.85 and a two-hundred day moving average of $234.73. Vulcan Materials has a 52 week low of $166.54 and a 52 week high of $276.58. The company has a quick ratio of 2.39, a current ratio of 3.17 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $34.55 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.06. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, research analysts expect that Vulcan Materials will post 8.47 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were issued a $0.46 dividend. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, March 1st. This represents a $1.84 annualized dividend and a dividend yield of 0.70%. Vulcan Materials’s dividend payout ratio is presently 26.36%.

Insider Activity

In related news, insider Stanley G. Bass sold 8,310 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the completion of the sale, the insider now owns 29,311 shares in the company, valued at approximately $7,376,992.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Stanley G. Bass sold 8,310 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the completion of the sale, the insider now owns 29,311 shares in the company, valued at approximately $7,376,992.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the sale, the senior vice president now owns 5,395 shares of the company’s stock, valued at approximately $1,453,844.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,017 shares of company stock worth $3,344,741. Corporate insiders own 0.62% of the company’s stock.

About Vulcan Materials

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.