Vulcan Materials (NYSE:VMC) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in shares of Vulcan Materials (NYSE:VMC) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,283 shares of the construction company’s stock after selling 760 shares during the quarter. Retirement Systems of Alabama’s holdings in Vulcan Materials were worth $6,648,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new stake in Vulcan Materials during the 4th quarter valued at about $28,000. Covestor Ltd boosted its position in Vulcan Materials by 273.4% in the third quarter. Covestor Ltd now owns 295 shares of the construction company’s stock valued at $60,000 after buying an additional 216 shares during the last quarter. GAMMA Investing LLC acquired a new position in Vulcan Materials in the 4th quarter worth approximately $61,000. CVA Family Office LLC purchased a new position in Vulcan Materials during the 4th quarter worth approximately $62,000. Finally, MCF Advisors LLC raised its position in Vulcan Materials by 22.4% during the 4th quarter. MCF Advisors LLC now owns 295 shares of the construction company’s stock worth $67,000 after buying an additional 54 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vulcan Materials

In related news, insider Stanley G. Bass sold 8,310 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the completion of the sale, the insider now directly owns 29,311 shares in the company, valued at $7,376,992.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Denson N. Franklin III sold 3,200 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the transaction, the senior vice president now directly owns 5,395 shares in the company, valued at $1,453,844.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stanley G. Bass sold 8,310 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the completion of the sale, the insider now owns 29,311 shares of the company’s stock, valued at approximately $7,376,992.48. The disclosure for this sale can be found here. Insiders sold 13,017 shares of company stock valued at $3,344,741 over the last quarter. 0.62% of the stock is currently owned by insiders.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $264.44 on Friday. The stock has a market capitalization of $34.98 billion, a P/E ratio of 38.60, a P/E/G ratio of 1.98 and a beta of 0.83. The company’s fifty day moving average price is $265.53 and its 200 day moving average price is $236.46. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.39 and a current ratio of 2.74. Vulcan Materials has a 1 year low of $187.20 and a 1 year high of $276.58.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.11). Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business earned $0.95 EPS. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Vulcan Materials will post 8.5 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, March 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.70%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s dividend payout ratio is presently 26.86%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $270.00 price objective (up previously from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Truist Financial increased their price target on Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada lifted their price objective on Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a research note on Friday. Wolfe Research downgraded Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Finally, The Goldman Sachs Group lifted their price target on Vulcan Materials from $264.00 to $292.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $277.08.

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.