Vaughan Nelson Investment Management L.P. Has $83.68 Million Position in Vulcan Materials Company $VMC

Vaughan Nelson Investment Management L.P. boosted its position in Vulcan Materials Company (NYSE:VMC) by 21.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 307,322 shares of the construction company’s stock after buying an additional 53,590 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Vulcan Materials were worth $83,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBT Bank N A NY bought a new position in Vulcan Materials during the 4th quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Vulcan Materials during the third quarter worth $30,000. Birchwood Financial Partners Inc. bought a new stake in shares of Vulcan Materials in the fourth quarter valued at about $29,000. Godsey & Gibb Inc. bought a new stake in shares of Vulcan Materials in the fourth quarter valued at about $30,000. Finally, WPG Advisers LLC grew its stake in shares of Vulcan Materials by 56.4% in the fourth quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock valued at $35,000 after acquiring an additional 44 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VMC has been the topic of a number of recent research reports. Citigroup lowered their price target on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Berenberg Bank set a $283.00 price objective on shares of Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada increased their target price on shares of Vulcan Materials from $296.00 to $298.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. Finally, Stifel Nicolaus set a $333.00 price target on shares of Vulcan Materials in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $326.92.

Vulcan Materials Stock Performance

NYSE:VMC opened at $303.63 on Monday. The company has a market cap of $39.40 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 2.19 and a beta of 1.05. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. The stock has a fifty day moving average price of $284.28 and a 200-day moving average price of $290.21.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business earned $1.00 earnings per share. Vulcan Materials’s revenue was up 7.4% on a year-over-year basis. As a group, equities analysts anticipate that Vulcan Materials Company will post 9.28 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, May 22nd. Vulcan Materials’s dividend payout ratio is presently 24.73%.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the sale, the senior vice president owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

Vulcan Materials Company 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.