Charles Schwab Investment Management Inc. Purchases 11,125 Shares of Vulcan Materials (NYSE:VMC)

Charles Schwab Investment Management Inc. raised its holdings in shares of Vulcan Materials (NYSE:VMC) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 830,470 shares of the construction company’s stock after acquiring an additional 11,125 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Vulcan Materials were worth $207,975,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Vulcan Materials in the 3rd quarter valued at $5,760,000. John G Ullman & Associates Inc. purchased a new stake in Vulcan Materials during the third quarter valued at about $6,424,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Vulcan Materials by 43.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 227,570 shares of the construction company’s stock worth $56,990,000 after buying an additional 68,565 shares during the period. Portfolio Design Labs LLC lifted its stake in shares of Vulcan Materials by 63.4% in the 3rd quarter. Portfolio Design Labs LLC now owns 14,272 shares of the construction company’s stock valued at $3,574,000 after acquiring an additional 5,536 shares during the last quarter. Finally, Commerce Bank boosted its holdings in Vulcan Materials by 10.2% during the 3rd quarter. Commerce Bank now owns 5,221 shares of the construction company’s stock valued at $1,307,000 after acquiring an additional 482 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Trading Up 1.2 %

NYSE VMC opened at $284.61 on Friday. The firm has a market capitalization of $37.59 billion, a PE ratio of 44.89, a P/E/G ratio of 2.72 and a beta of 0.81. The stock’s 50 day moving average is $261.25 and its 200 day moving average is $254.63. Vulcan Materials has a twelve month low of $209.60 and a twelve month high of $298.31. 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 announced its earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The business’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.29 EPS. Research analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio is 29.02%.

Analyst Ratings Changes

Several analysts have weighed in on VMC shares. Barclays boosted their price objective on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. dropped their price target on shares of 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 decreased their price objective on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Stephens lowered their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $280.46.

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.