Aviva PLC Reduces Stake in Vulcan Materials (NYSE:VMC)

Aviva PLC lessened its holdings in Vulcan Materials (NYSE:VMC – Free Report) by 81.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,101 shares of the construction company’s stock after selling 21,990 shares during the period. Aviva PLC’s holdings in Vulcan Materials were worth $875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of VMC. Achmea Investment Management B.V. purchased a new stake in shares of Vulcan Materials in the 1st quarter valued at $29,000. New Hampshire Trust purchased a new stake in Vulcan Materials in the fourth quarter valued at $31,000. CoreCap Advisors LLC purchased a new stake in Vulcan Materials in the fourth quarter valued at $32,000. Money Concepts Capital Corp acquired a new stake in Vulcan Materials during the 4th quarter worth about $39,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Vulcan Materials during the 1st quarter valued at about $58,000. 90.10% of the stock is owned by hedge funds and other institutional investors.

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Vulcan Materials Price Performance

Vulcan Materials stock opened at $215.56 on Friday. The company has a fifty day simple moving average of $220.80 and a 200-day simple moving average of $197.63. The firm has a market capitalization of $28.64 billion, a price-to-earnings ratio of 39.70, a PEG ratio of 1.49 and a beta of 0.79. The company has a quick ratio of 1.83, a current ratio of 2.58 and a debt-to-equity ratio of 0.54. Vulcan Materials has a 52-week low of $147.64 and a 52-week high of $229.75.

Vulcan Materials (NYSE:VMC – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The construction company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.38. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Vulcan Materials had a net margin of 9.57% and a return on equity of 11.64%. Vulcan Materials’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.53 EPS. On average, equities analysts anticipate that Vulcan Materials will post 6.73 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Thursday, August 17th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.80%. The ex-dividend date was Wednesday, August 16th. Vulcan Materials’s payout ratio is currently 31.68%.

Analyst Upgrades and Downgrades

Several analysts recently commented on VMC shares. Jefferies Financial Group raised their target price on Vulcan Materials from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Raymond James boosted their target price on shares of Vulcan Materials from $202.00 to $243.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Stifel Nicolaus raised their price target on shares of Vulcan Materials from $227.00 to $250.00 in a research report on Friday, July 14th. DA Davidson upped their price objective on shares of Vulcan Materials from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, Loop Capital raised their target price on Vulcan Materials from $235.00 to $260.00 in a research report on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $240.50.

View Our Latest Analysis on VMC

About Vulcan Materials

(Free Report)

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 Aggregates segment 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.

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