Daiwa Securities Group Inc. Sells 5,700 Shares of Vulcan Materials Company $VMC

Daiwa Securities Group Inc. lessened its stake in Vulcan Materials Company (NYSE:VMC) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,829 shares of the construction company’s stock after selling 5,700 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Vulcan Materials were worth $14,212,000 at the end of the most recent quarter.

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% during the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after acquiring an additional 42 shares during the period. NBT Bank N A NY bought a new stake in Vulcan Materials during the 4th quarter valued at $26,000. Godsey & Gibb Inc. bought a new stake in Vulcan Materials during the 4th quarter valued at $30,000. Measured Wealth Private Client Group LLC bought a new stake in Vulcan Materials during the 3rd quarter valued at $30,000. Finally, WPG Advisers LLC raised its holdings in Vulcan Materials by 56.4% during the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock valued at $35,000 after acquiring an additional 44 shares during the period. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Wells Fargo & Company boosted their target price on shares of Vulcan Materials from $305.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Zacks Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Oppenheimer assumed coverage on shares of Vulcan Materials in a report on Thursday, May 28th. They set a “market perform” rating on the stock. Finally, DA Davidson lowered their target price on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Vulcan Materials has a consensus rating of “Hold” and a consensus target price of $326.92.

Vulcan Materials Stock Down 0.6%

VMC opened at $281.49 on Friday. The company has a fifty day moving average price of $281.77 and a 200-day moving average price of $290.24. The firm has a market capitalization of $36.53 billion, a P/E ratio of 33.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. Vulcan Materials Company has a one year low of $252.35 and a one year high of $331.09.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 EPS. Equities research analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $0.52 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.08 annualized dividend and a yield of 0.7%. Vulcan Materials’s payout ratio is 24.73%.

About Vulcan Materials

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.