Northwestern Mutual Wealth Management Co. Has $7.85 Million Stock Position in Vulcan Materials Company $VMC

Northwestern Mutual Wealth Management Co. grew its stake in shares of Vulcan Materials Company (NYSE:VMC) by 61.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 27,535 shares of the construction company’s stock after purchasing an additional 10,463 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Vulcan Materials were worth $7,854,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Vulcan Materials by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock worth $5,293,274,000 after purchasing an additional 311,539 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Vulcan Materials by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,924,285 shares of the construction company’s stock worth $2,437,669,000 after purchasing an additional 99,298 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Vulcan Materials by 5.8% in the third quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock valued at $2,345,703,000 after acquiring an additional 414,828 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Vulcan Materials by 0.4% in the third quarter. Bank of America Corp DE now owns 2,318,474 shares of the construction company’s stock valued at $713,209,000 after acquiring an additional 9,030 shares in the last quarter. Finally, Lone Pine Capital LLC bought a new position in shares of Vulcan Materials in the third quarter valued at approximately $425,938,000. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Performance

VMC stock opened at $260.78 on Friday. The business has a 50 day moving average of $278.81 and a 200-day moving average of $290.96. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09. The firm has a market cap of $33.84 billion, a PE ratio of 31.01, a P/E/G ratio of 1.90 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 earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the business posted $1.00 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, May 22nd. Vulcan Materials’s dividend payout ratio (DPR) is currently 24.73%.

Analysts Set New Price Targets

Several research firms have recently issued reports on VMC. Zacks Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Barclays upped their target price on Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Raymond James Financial set a $325.00 target price on Vulcan Materials in a report on Thursday, April 30th. Wall Street Zen raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a report on Tuesday, January 27th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $330.58.

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.