Asset Management One Co. Ltd. Has $19.75 Million Stock Holdings in Vulcan Materials (NYSE:VMC)

Asset Management One Co. Ltd. increased its holdings in shares of Vulcan Materials (NYSE:VMC) by 17.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,310 shares of the construction company’s stock after buying an additional 11,129 shares during the quarter. Asset Management One Co. Ltd. owned 0.06% of Vulcan Materials worth $19,746,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Inspire Investing LLC grew its stake in Vulcan Materials by 7.6% during the 3rd quarter. Inspire Investing LLC now owns 1,139 shares of the construction company’s stock valued at $285,000 after acquiring an additional 80 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Vulcan Materials during the third quarter worth approximately $213,000. Creative Planning grew its position in Vulcan Materials by 2.3% during the third quarter. Creative Planning now owns 14,238 shares of the construction company’s stock valued at $3,566,000 after purchasing an additional 318 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Vulcan Materials by 1.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,976 shares of the construction company’s stock valued at $4,001,000 after buying an additional 160 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in Vulcan Materials by 40.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,245 shares of the construction company’s stock valued at $312,000 after buying an additional 359 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

NYSE VMC opened at $270.58 on Friday. The stock has a market capitalization of $35.73 billion, a PE ratio of 42.68, a P/E/G ratio of 2.14 and a beta of 0.84. The stock has a 50-day simple moving average of $267.64 and a 200 day simple moving average of $261.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. Vulcan Materials has a twelve month low of $225.36 and a twelve month high of $298.31.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.49 dividend. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a dividend yield of 0.72%. Vulcan Materials’s dividend payout ratio (DPR) is presently 29.02%.

Analysts Set New Price Targets

Several research firms have recently commented on VMC. JPMorgan Chase & Co. boosted their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Raymond James cut their price target on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. UBS Group initiated coverage on Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target for the company. Citigroup cut their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Truist Financial increased their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $301.18.

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.