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

Nordea Investment Management AB reduced its stake in shares of Vulcan Materials Company (NYSE:VMC) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 522,085 shares of the construction company’s stock after selling 52,095 shares during the quarter. Nordea Investment Management AB owned approximately 0.40% of Vulcan Materials worth $150,047,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased 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 buying an additional 42 shares during the period. Greykasell Wealth Strategies Inc. acquired a new stake 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. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Vulcan Materials in the third quarter worth $42,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Vulcan Materials during the third quarter worth $46,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vulcan Materials

In related news, Director Melissa H. Anderson sold 1,137 shares of the firm’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 value of $345,329.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

Vulcan Materials Stock Up 0.6%

VMC stock opened at $258.55 on Monday. The firm has a market cap of $33.76 billion, a PE ratio of 31.84, a PEG ratio of 1.80 and a beta of 1.05. Vulcan Materials Company has a 1 year low of $218.87 and a 1 year high of $331.09. The company has a fifty day simple moving average of $298.42 and a 200 day simple moving average of $295.80. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.51.

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

Vulcan Materials Increases Dividend

The business 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. The ex-dividend date of this dividend is Monday, March 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. Vulcan Materials’s payout ratio is currently 25.62%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VMC shares. DA Davidson reduced their price objective on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Morgan Stanley upped their target price on Vulcan Materials from $321.00 to $322.00 and gave the stock an “equal weight” rating in a research report on Monday, March 9th. Wells Fargo & Company reduced their price target on Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Wall Street Zen cut Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Finally, Truist Financial increased their price objective on Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and an average price target of $326.29.

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.