Nordea Investment Management AB Has $150.05 Million Stock Position in Vulcan Materials Company $VMC

Nordea Investment Management AB reduced its position in shares of Vulcan Materials Company (NYSE:VMC) by 9.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 522,085 shares of the construction company’s stock after selling 52,095 shares during the quarter. Nordea Investment Management AB’s holdings in Vulcan Materials were worth $150,047,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. raised its holdings in Vulcan Materials by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock worth $25,000 after acquiring an additional 42 shares during the period. Greykasell Wealth Strategies Inc. bought a new stake in Vulcan Materials during the third quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Vulcan Materials in the third quarter valued at about $30,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Vulcan Materials in the third quarter valued at about $42,000. Finally, Bayforest Capital Ltd bought a new position in shares of Vulcan Materials in the third quarter worth about $46,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $303.72, for a total transaction of $345,329.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Vulcan Materials Stock Up 0.6%

Shares of VMC opened at $258.55 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.97 and a current ratio of 2.69. The company has a 50-day simple moving average of $298.42 and a 200-day simple moving average of $295.80. Vulcan Materials Company has a 52 week low of $218.87 and a 52 week high of $331.09. The firm has a market capitalization of $33.76 billion, a P/E ratio of 31.84, a P/E/G ratio of 1.80 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last released its earnings results on Tuesday, February 17th. The construction company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). Vulcan Materials had a return on equity of 12.56% and a net margin of 13.56%.The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the business earned $2.17 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, March 9th. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. Vulcan Materials’s payout ratio is 25.62%.

Wall Street Analyst Weigh In

VMC has been the subject of several recent analyst reports. Citigroup increased their target price on Vulcan Materials from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Royal Bank Of Canada dropped their price target on Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 18th. Truist Financial upped their price target on Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Wells Fargo & Company reduced their price objective on Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Vulcan Materials in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $326.29.

Vulcan Materials 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.