Robeco Institutional Asset Management B.V. Sells 435 Shares of Vulcan Materials (NYSE:VMC)

Posted by on May 6th, 2023

Robeco Institutional Asset Management B.V. reduced its position in Vulcan Materials (NYSE:VMC – Get Rating) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,062 shares of the construction company’s stock after selling 435 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Vulcan Materials were worth $1,237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Achmea Investment Management B.V. bought a new position in shares of Vulcan Materials during the first quarter valued at $29,000. CI Investments Inc. lifted its holdings in shares of Vulcan Materials by 956.3% during the third quarter. CI Investments Inc. now owns 169 shares of the construction company’s stock valued at $27,000 after acquiring an additional 153 shares during the period. General Partner Inc. bought a new position in shares of Vulcan Materials during the fourth quarter valued at $30,000. HBC Financial Services PLLC bought a new position in shares of Vulcan Materials during the fourth quarter valued at $30,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Vulcan Materials by 302.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 181 shares of the construction company’s stock valued at $32,000 after acquiring an additional 136 shares during the period. 90.08% of the stock is owned by institutional investors.

Vulcan Materials Stock Performance

Shares of NYSE:VMC opened at $193.57 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.38 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $25.76 billion, a P/E ratio of 44.91, a P/E/G ratio of 2.10 and a beta of 0.74. The business has a 50-day moving average price of $171.79 and a two-hundred day moving average price of $175.40. Vulcan Materials has a 1-year low of $137.54 and a 1-year high of $199.10.

Vulcan Materials (NYSE:VMC – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The construction company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.31. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Vulcan Materials had a return on equity of 10.36% and a net margin of 8.14%. Vulcan Materials’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. Equities analysts predict that Vulcan Materials will post 5.91 earnings per share for the current year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 20th. Stockholders of record on Monday, March 6th were paid a $0.43 dividend. The ex-dividend date was Friday, March 3rd. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.89%. Vulcan Materials’s dividend payout ratio is 39.91%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Morgan Stanley cut their price objective on Vulcan Materials from $191.00 to $186.00 and set an “equal weight” rating for the company in a report on Thursday, April 20th. The Goldman Sachs Group upgraded Vulcan Materials from a “neutral” rating to a “buy” rating and raised their target price for the company from $188.00 to $212.00 in a research note on Monday, April 3rd. Royal Bank of Canada raised their target price on Vulcan Materials from $191.00 to $193.00 and gave the company an “outperform” rating in a research note on Friday, February 17th. Raymond James raised their target price on Vulcan Materials from $186.00 to $199.00 and gave the company an “outperform” rating in a research note on Wednesday, January 25th. Finally, Truist Financial raised their target price on Vulcan Materials from $210.00 to $225.00 in a research note on Friday, February 17th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $207.00.

About Vulcan Materials

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Vulcan Materials Co engages in the production of construction aggregates. Its products include crushed stone, sand, and gravel. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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