American Century Companies Inc. Has $6.91 Million Stock Holdings in Vulcan Materials (NYSE:VMC)

American Century Companies Inc. grew its holdings in Vulcan Materials (NYSE:VMC) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,803 shares of the construction company’s stock after acquiring an additional 970 shares during the period. American Century Companies Inc.’s holdings in Vulcan Materials were worth $6,914,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Contravisory Investment Management Inc. increased its position in Vulcan Materials by 1.6% during the first quarter. Contravisory Investment Management Inc. now owns 2,579 shares of the construction company’s stock worth $704,000 after buying an additional 40 shares during the last quarter. Commerce Bank increased its holdings in shares of Vulcan Materials by 1.0% during the 4th quarter. Commerce Bank now owns 4,442 shares of the construction company’s stock valued at $1,008,000 after acquiring an additional 43 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Vulcan Materials by 61.8% in the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after acquiring an additional 47 shares in the last quarter. Monetary Management Group Inc. lifted its holdings in Vulcan Materials by 2.3% in the 2nd quarter. Monetary Management Group Inc. now owns 2,250 shares of the construction company’s stock worth $560,000 after purchasing an additional 50 shares during the last quarter. Finally, Covestor Ltd boosted its position in Vulcan Materials by 13.6% during the first quarter. Covestor Ltd now owns 425 shares of the construction company’s stock worth $116,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Up 0.1 %

Shares of Vulcan Materials stock opened at $252.19 on Tuesday. Vulcan Materials has a 52-week low of $190.51 and a 52-week high of $278.79. The firm has a market capitalization of $33.35 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 2.25 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.66. The company’s fifty day moving average price is $248.35 and its two-hundred day moving average price is $255.35.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.12). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company earned $2.29 EPS. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts expect that Vulcan Materials will post 7.73 EPS for the current year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.84 annualized dividend and a yield of 0.73%. Vulcan Materials’s dividend payout ratio is currently 26.86%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VMC. Truist Financial reduced their price objective on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Stephens decreased their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Citigroup dropped their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Loop Capital decreased their target price on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Finally, Royal Bank of Canada dropped their price target on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $274.73.

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.