American Century Companies Inc. Has $4.26 Million Stock Holdings in Vulcan Materials (NYSE:VMC)

American Century Companies Inc. increased its holdings in Vulcan Materials (NYSE:VMC) by 21.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,087 shares of the construction company’s stock after purchasing an additional 3,665 shares during the period. American Century Companies Inc.’s holdings in Vulcan Materials were worth $4,260,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VMC. JPMorgan Chase & Co. grew its stake in Vulcan Materials by 47.4% during the third quarter. JPMorgan Chase & Co. now owns 4,503,484 shares of the construction company’s stock worth $909,794,000 after buying an additional 1,447,700 shares during the last quarter. Norges Bank bought a new stake in Vulcan Materials during the fourth quarter worth about $217,300,000. Palestra Capital Management LLC grew its stake in Vulcan Materials by 68.9% during the third quarter. Palestra Capital Management LLC now owns 560,315 shares of the construction company’s stock worth $113,195,000 after buying an additional 228,510 shares during the last quarter. Barclays PLC grew its stake in Vulcan Materials by 98.7% during the second quarter. Barclays PLC now owns 427,683 shares of the construction company’s stock worth $96,416,000 after buying an additional 212,432 shares during the last quarter. Finally, FMR LLC grew its stake in Vulcan Materials by 6.8% during the third quarter. FMR LLC now owns 3,042,842 shares of the construction company’s stock worth $614,715,000 after buying an additional 194,337 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VMC. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $270.00 price objective (up from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Raymond James increased their price target on shares of Vulcan Materials from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Morgan Stanley assumed coverage on shares of Vulcan Materials in a research note on Monday, January 8th. They set an “equal weight” rating and a $208.00 price target on the stock. Royal Bank of Canada increased their price target on shares of Vulcan Materials from $236.00 to $269.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 20th. Finally, Truist Financial increased their price target on shares of Vulcan Materials from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $262.54.

Insider Transactions at Vulcan Materials

In other news, insider Stanley G. Bass sold 8,310 shares of Vulcan Materials stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the transaction, the insider now directly owns 29,311 shares of the company’s stock, valued at $7,376,992.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Stanley G. Bass sold 8,310 shares of Vulcan Materials stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the transaction, the insider now directly owns 29,311 shares of the company’s stock, valued at $7,376,992.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Denson N. Franklin III sold 3,200 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the sale, the senior vice president now directly owns 5,395 shares in the company, valued at $1,453,844.60. The disclosure for this sale can be found here. Insiders have sold a total of 13,017 shares of company stock valued at $3,344,741 over the last three months. 0.57% of the stock is currently owned by corporate insiders.

Vulcan Materials Price Performance

Shares of VMC stock opened at $272.79 on Thursday. Vulcan Materials has a 52-week low of $162.00 and a 52-week high of $276.58. The stock has a market cap of $36.07 billion, a PE ratio of 39.08, a PEG ratio of 2.00 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.39 and a current ratio of 3.17. The firm’s 50 day moving average price is $250.24 and its two-hundred day moving average price is $226.01.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.06. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. As a group, analysts forecast that Vulcan Materials will post 8.36 EPS for the current year.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.67%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, March 1st. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.36%.

Vulcan Materials Profile

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.