Nisa Investment Advisors LLC Has $4.70 Million Stock Position in Vulcan Materials Company $VMC

Nisa Investment Advisors LLC lifted its stake in Vulcan Materials Company (NYSE:VMC) by 1.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,010 shares of the construction company’s stock after purchasing an additional 319 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Vulcan Materials were worth $4,697,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Vulcan Materials by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock worth $3,896,031,000 after acquiring an additional 347,155 shares during the period. JPMorgan Chase & Co. boosted its position in Vulcan Materials by 5.6% during the 1st quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock worth $1,625,583,000 after acquiring an additional 370,434 shares during the period. Principal Financial Group Inc. boosted its position in Vulcan Materials by 7.4% during the 1st quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company’s stock worth $1,518,291,000 after acquiring an additional 445,691 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Vulcan Materials by 7.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,872,652 shares of the construction company’s stock worth $495,635,000 after acquiring an additional 130,949 shares during the period. Finally, Alkeon Capital Management LLC boosted its position in Vulcan Materials by 4.4% during the 1st quarter. Alkeon Capital Management LLC now owns 1,338,346 shares of the construction company’s stock worth $312,236,000 after acquiring an additional 56,345 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Up 0.3%

VMC opened at $292.83 on Wednesday. The business has a 50 day moving average price of $296.41 and a 200 day moving average price of $276.62. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $311.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The firm has a market cap of $38.69 billion, a P/E ratio of 40.90, a price-to-earnings-growth ratio of 2.37 and a beta of 0.92.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the firm posted $2.35 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, November 10th. Vulcan Materials’s payout ratio is currently 27.37%.

Analysts Set New Price Targets

VMC has been the subject of several research reports. Barclays lifted their price target on Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Morgan Stanley reduced their price target on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a report on Monday, July 28th. Royal Bank Of Canada reduced their price target on Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating for the company in a report on Friday, August 1st. Citigroup reiterated a “buy” rating and set a $321.00 price target (up from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $313.17.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of Vulcan Materials stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $298.56, for a total value of $208,394.88. Following the transaction, the senior vice president directly owned 2,832 shares of the company’s stock, valued at $845,521.92. The trade was a 19.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

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.