Vaughan Nelson Investment Management L.P. Has $59.76 Million Stock Holdings in Vulcan Materials (NYSE:VMC)

Vaughan Nelson Investment Management L.P. increased its position in Vulcan Materials (NYSE:VMC) by 15.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 238,620 shares of the construction company’s stock after buying an additional 31,131 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.18% of Vulcan Materials worth $59,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in VMC. Comgest Global Investors S.A.S. increased its position in Vulcan Materials by 3.2% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 182,817 shares of the construction company’s stock valued at $45,783,000 after acquiring an additional 5,735 shares during the period. Natixis Advisors LLC increased its holdings in Vulcan Materials by 10.3% in the third quarter. Natixis Advisors LLC now owns 181,739 shares of the construction company’s stock valued at $45,513,000 after purchasing an additional 16,909 shares during the period. Coastline Trust Co bought a new position in Vulcan Materials during the 3rd quarter worth $61,000. Empowered Funds LLC raised its position in Vulcan Materials by 7.3% during the 3rd quarter. Empowered Funds LLC now owns 2,631 shares of the construction company’s stock worth $659,000 after purchasing an additional 178 shares during the last quarter. Finally, Empirical Finance LLC lifted its holdings in Vulcan Materials by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 4,604 shares of the construction company’s stock worth $1,153,000 after buying an additional 93 shares during the period. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VMC. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Barclays raised their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Royal Bank of Canada reduced their price objective on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. UBS Group assumed coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.46.

Vulcan Materials Stock Down 1.2 %

Shares of NYSE:VMC opened at $279.28 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. Vulcan Materials has a 52-week low of $209.39 and a 52-week high of $298.31. The business’s 50 day simple moving average is $256.67 and its two-hundred day simple moving average is $254.09. The firm has a market cap of $36.88 billion, a P/E ratio of 44.05, a PEG ratio of 2.68 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. Vulcan Materials’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.29 earnings per share. As a group, research analysts forecast that Vulcan Materials will post 7.2 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s payout ratio is presently 29.02%.

About Vulcan Materials

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.