KBC Group NV Sells 19,405 Shares of Vulcan Materials (NYSE:VMC)

KBC Group NV lessened its stake in Vulcan Materials (NYSE:VMC) by 17.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,890 shares of the construction company’s stock after selling 19,405 shares during the period. KBC Group NV owned 0.07% of Vulcan Materials worth $23,894,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of VMC. Principal Financial Group Inc. raised its holdings in Vulcan Materials by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after purchasing an additional 884,580 shares during the last quarter. State Street Corp raised its stake in shares of Vulcan Materials by 1.2% during the third quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock worth $1,322,546,000 after buying an additional 65,163 shares during the last quarter. FMR LLC raised its stake in shares of Vulcan Materials by 2.2% during the third quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock worth $916,807,000 after buying an additional 78,271 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Vulcan Materials by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock valued at $826,644,000 after buying an additional 33,061 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Vulcan Materials by 18.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock valued at $533,551,000 after acquiring an additional 330,433 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Stephens reissued an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, January 2nd. Barclays increased their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Citigroup decreased their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a report on Monday, January 6th. Raymond James cut their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Finally, StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $301.18.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $275.13 on Wednesday. The firm has a market cap of $36.33 billion, a P/E ratio of 43.40, a P/E/G ratio of 2.16 and a beta of 0.83. The stock’s 50 day moving average is $271.42 and its 200 day moving average is $260.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. Vulcan Materials has a one year low of $222.09 and a one year high of $298.31.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business’s revenue was down 8.3% on a year-over-year basis. During the same period last year, the business posted $2.29 earnings per share. As a group, research analysts expect that Vulcan Materials will post 7.16 EPS for the current year.

About Vulcan Materials

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.