Pictet Asset Management Holding SA Has $18.03 Million Stock Holdings in Vulcan Materials Company $VMC

Pictet Asset Management Holding SA raised its stake in Vulcan Materials Company (NYSE:VMC) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,209 shares of the construction company’s stock after purchasing an additional 2,892 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Vulcan Materials were worth $18,028,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. grew its stake in shares of Vulcan Materials by 100.0% in the third 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 in the last quarter. NBT Bank N A NY acquired a new stake in Vulcan Materials in the fourth quarter valued at $26,000. Greykasell Wealth Strategies Inc. bought a new position in shares of Vulcan Materials in the 3rd quarter valued at about $29,000. Measured Wealth Private Client Group LLC bought a new position in shares of Vulcan Materials in the 3rd quarter valued at about $30,000. Finally, Godsey & Gibb Inc. acquired a new position in shares of Vulcan Materials during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on VMC. Raymond James Financial set a $325.00 target price on shares of Vulcan Materials in a research note on Thursday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $320.00 price target (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Morgan Stanley dropped their price objective on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. B. Riley Financial assumed coverage on Vulcan Materials in a research note on Thursday, January 15th. They set a “buy” rating and a $345.00 target price for the company. Finally, DA Davidson decreased their target price on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and an average target price of $329.62.

Insider Activity at Vulcan Materials

In related news, Director Melissa H. Anderson sold 1,137 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $303.72, for a total transaction of $345,329.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.65% of the company’s stock.

Vulcan Materials Stock Down 1.6%

Vulcan Materials stock opened at $297.00 on Friday. The company’s 50-day moving average price is $284.44 and its two-hundred day moving average price is $293.02. The company has a quick ratio of 1.97, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. The stock has a market cap of $38.75 billion, a P/E ratio of 35.32, a P/E/G ratio of 2.27 and a beta of 1.09. Vulcan Materials Company has a twelve month low of $252.35 and a twelve month high of $331.09.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.10 by $0.25. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. As a group, analysts expect that Vulcan Materials Company will post 9.15 EPS for the current year.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were issued a $0.52 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. Vulcan Materials’s payout ratio is currently 25.62%.

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.