KBC Group NV Grows Stock Holdings in Vulcan Materials (NYSE:VMC)

KBC Group NV raised its stake in shares of Vulcan Materials (NYSE:VMC) by 111.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,295 shares of the construction company’s stock after buying an additional 59,228 shares during the quarter. KBC Group NV owned about 0.09% of Vulcan Materials worth $28,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of VMC. Capital World Investors purchased a new stake in shares of Vulcan Materials in the first quarter worth approximately $388,027,000. Principal Financial Group Inc. lifted its position in shares of Vulcan Materials by 19.9% during the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after buying an additional 884,580 shares during the last quarter. Vanguard Group Inc. lifted its position in Vulcan Materials by 5.0% during the first quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock valued at $4,368,273,000 after acquiring an additional 755,991 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Vulcan Materials by 18.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after purchasing an additional 330,433 shares in the last quarter. Finally, Ceredex Value Advisors LLC boosted its holdings in Vulcan Materials by 136.3% in the third quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company’s stock worth $89,117,000 after acquiring an additional 205,260 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on VMC. Citigroup dropped their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Stephens dropped their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. 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 report on Friday, November 1st. Finally, UBS Group assumed coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective for the company. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and a consensus target price of $280.46.

Vulcan Materials Trading Down 1.2 %

NYSE VMC opened at $279.28 on Friday. 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 one year low of $209.39 and a one year high of $298.31. The company’s 50 day moving average price is $255.72 and its 200 day moving average price is $253.99. The firm has a market capitalization of $36.88 billion, a price-to-earnings ratio of 44.05, a PEG ratio of 2.76 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.12). The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. Vulcan Materials’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.29 earnings per share. On average, sell-side analysts predict that Vulcan Materials will post 7.2 EPS for the current year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.66%. Vulcan Materials’s dividend payout ratio is presently 29.02%.

Vulcan Materials Profile

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.