Vulcan Materials Company $VMC Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of Vulcan Materials Company (NYSE:VMC) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 784,819 shares of the construction company’s stock after selling 5,094 shares during the period. Bank of New York Mellon Corp’s holdings in Vulcan Materials were worth $223,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VMC. Brighton Jones LLC bought a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $497,000. NewEdge Advisors LLC boosted its position in Vulcan Materials by 3.9% during the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock worth $1,017,000 after acquiring an additional 163 shares during the period. Empowered Funds LLC lifted its holdings in shares of Vulcan Materials by 6.3% in the first quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock valued at $745,000 after buying an additional 190 shares during the period. Focus Partners Wealth boosted its position in shares of Vulcan Materials by 28.5% in the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock valued at $775,000 after purchasing an additional 736 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of Vulcan Materials by 31.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock valued at $78,000 after purchasing an additional 80 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VMC shares. Royal Bank Of Canada upped their target price on Vulcan Materials from $296.00 to $298.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Morgan Stanley dropped their price target on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Stifel Nicolaus set a $333.00 price target on Vulcan Materials in a research report on Thursday, April 30th. Raymond James Financial set a $325.00 target price on Vulcan Materials in a research report on Thursday, April 30th. Finally, Berenberg Bank set a $283.00 target price on Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $326.92.

Vulcan Materials Stock Performance

Shares of VMC opened at $281.49 on Friday. 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 has a 50-day moving average of $281.77 and a 200-day moving average of $290.24. The company has a market cap of $36.53 billion, a PE ratio of 33.47, a P/E/G ratio of 2.04 and a beta of 1.05. Vulcan Materials Company has a one year low of $252.35 and a one year high of $331.09.

Vulcan Materials (NYSE:VMC) last issued 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 during 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% compared to the same quarter last year. During the same period last year, the business posted $1.00 EPS. On average, equities research analysts predict that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.52 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s payout ratio is 24.73%.

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.