Resona Asset Management Co. Ltd. Sells 2,425 Shares of Vulcan Materials Company $VMC

Resona Asset Management Co. Ltd. lessened its holdings in Vulcan Materials Company (NYSE:VMC) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,097 shares of the construction company’s stock after selling 2,425 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Vulcan Materials were worth $11,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. grew its stake in Vulcan Materials by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after purchasing an additional 42 shares during the period. NBT Bank N A NY bought a new position in Vulcan Materials in the 4th quarter valued at $26,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Vulcan Materials during the 3rd quarter valued at $29,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Vulcan Materials during the 3rd quarter valued at $30,000. Finally, Godsey & Gibb Inc. purchased a new position in shares of Vulcan Materials during the 4th quarter valued at $30,000. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

NYSE:VMC opened at $263.06 on Thursday. The business’s 50-day moving average price is $279.12 and its two-hundred day moving average price is $291.37. Vulcan Materials Company has a twelve month low of $252.35 and a twelve month high of $331.09. The stock has a market cap of $34.13 billion, a P/E ratio of 31.28, a PEG ratio of 1.88 and a beta of 1.09. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the firm posted $1.00 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts predict that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.52 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. Vulcan Materials’s dividend payout ratio is 24.73%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley dropped their price target on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $320.00 price target (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Barclays increased their price objective on Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Zacks Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Stephens increased their price objective on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Vulcan Materials currently has an average rating of “Moderate Buy” and a consensus price target of $330.58.

Insider Activity at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $303.72, for a total transaction of $345,329.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.65% of the company’s stock.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.