Northwestern Mutual Investment Management Company LLC Decreases Stake in Vulcan Materials Company (VMC)

Northwestern Mutual Investment Management Company LLC decreased its position in Vulcan Materials Company (NYSE:VMC) by 81.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,080 shares of the construction company’s stock after selling 21,675 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Vulcan Materials were worth $611,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Synovus Financial Corp grew its position in shares of Vulcan Materials by 21.3% in the 2nd quarter. Synovus Financial Corp now owns 31,569 shares of the construction company’s stock worth $4,002,000 after acquiring an additional 5,550 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Vulcan Materials by 2.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,774,421 shares of the construction company’s stock worth $604,822,000 after acquiring an additional 127,405 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Vulcan Materials by 29.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,661 shares of the construction company’s stock worth $464,000 after acquiring an additional 831 shares in the last quarter. Westpac Banking Corp grew its position in shares of Vulcan Materials by 209.8% in the 2nd quarter. Westpac Banking Corp now owns 24,467 shares of the construction company’s stock worth $3,099,000 after acquiring an additional 16,570 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Vulcan Materials by 3.1% in the 2nd quarter. Swiss National Bank now owns 483,642 shares of the construction company’s stock worth $61,268,000 after acquiring an additional 14,700 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

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VMC has been the subject of several research reports. Zacks Investment Research lowered Vulcan Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Argus lifted their target price on Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Royal Bank Of Canada reiterated a “buy” rating and issued a $154.00 target price on shares of Vulcan Materials in a research report on Monday, June 19th. BidaskClub lowered Vulcan Materials from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, Stephens upgraded Vulcan Materials from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $140.00 to $145.00 in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Vulcan Materials presently has a consensus rating of “Hold” and an average target price of $136.00.

Vulcan Materials Company (NYSE:VMC) opened at 117.00 on Tuesday. Vulcan Materials Company has a 52-week low of $105.71 and a 52-week high of $138.18. The firm has a market cap of $15.48 billion, a price-to-earnings ratio of 37.67 and a beta of 0.94. The company’s 50-day moving average price is $118.87 and its 200-day moving average price is $122.51.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.22 by $0.32. Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts predict that Vulcan Materials Company will post $3.44 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.85%. Vulcan Materials’s payout ratio is presently 32.36%.

In other news, insider Stanley G. Bass sold 4,413 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total value of $582,516.00. Following the completion of the transaction, the insider now directly owns 21,939 shares of the company’s stock, valued at approximately $2,895,948. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David B. Pasley sold 1,250 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $121.51, for a total value of $151,887.50. Following the completion of the transaction, the insider now directly owns 2,857 shares of the company’s stock, valued at $347,154.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,969 shares of company stock valued at $774,796. 0.89% of the stock is currently owned by insiders.

Vulcan Materials Company Profile

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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

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