Northwestern Mutual Wealth Management Co. Acquires 10,463 Shares of Vulcan Materials Company $VMC

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 61.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 27,535 shares of the construction company’s stock after buying an additional 10,463 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Vulcan Materials were worth $7,854,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Phoenix Financial Ltd. boosted its stake in Vulcan Materials by 18.9% during the fourth quarter. Phoenix Financial Ltd. now owns 1,042 shares of the construction company’s stock valued at $297,000 after buying an additional 166 shares during the period. Fulcrum Asset Management LLP bought a new stake in Vulcan Materials during the fourth quarter valued at $554,000. Allworth Financial LP boosted its stake in Vulcan Materials by 36.4% during the fourth quarter. Allworth Financial LP now owns 1,128 shares of the construction company’s stock valued at $322,000 after buying an additional 301 shares during the period. Castle Rock Wealth Management LLC boosted its stake in Vulcan Materials by 7.3% during the fourth quarter. Castle Rock Wealth Management LLC now owns 4,248 shares of the construction company’s stock valued at $1,318,000 after buying an additional 290 shares during the period. Finally, Proactive Wealth Strategies LLC boosted its stake in Vulcan Materials by 8.3% during the fourth quarter. Proactive Wealth Strategies LLC now owns 12,487 shares of the construction company’s stock valued at $3,561,000 after buying an additional 960 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on VMC. Barclays lifted their price objective on Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Stephens raised their price target on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wall Street Zen upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Royal Bank Of Canada raised their price target on Vulcan Materials from $296.00 to $298.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Finally, Citigroup lowered their price target on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $330.58.

Vulcan Materials Stock Down 0.5%

Shares of NYSE:VMC opened at $260.78 on Friday. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The company has a market cap of $33.84 billion, a PE ratio of 31.01, a P/E/G ratio of 1.90 and a beta of 1.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The stock’s 50-day moving average is $278.81 and its 200 day moving average is $290.96.

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

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, May 22nd. Vulcan Materials’s payout ratio is currently 24.73%.

Vulcan Materials 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.