Vulcan Materials Company $VMC Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd cut its holdings in Vulcan Materials Company (NYSE:VMC) by 77.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,648 shares of the construction company’s stock after selling 22,476 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Vulcan Materials were worth $1,810,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VMC. NBT Bank N A NY acquired a new position in shares of Vulcan Materials in the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. lifted its stake in Vulcan Materials by 71.7% during the first quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock valued at $28,000 after purchasing an additional 43 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new stake in Vulcan Materials during the fourth quarter valued at approximately $29,000. Godsey & Gibb Inc. acquired a new stake in Vulcan Materials during the fourth quarter valued at approximately $30,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Vulcan Materials during the third quarter worth approximately $30,000. Institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the transaction, the senior vice president owned 8,716 shares in the company, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.65% of the company’s stock.

Vulcan Materials Trading Up 0.2%

Shares of NYSE VMC opened at $280.20 on Monday. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a one year low of $252.35 and a one year high of $331.09. The business has a 50-day moving average price of $286.78 and a two-hundred day moving average price of $290.55. The firm has a market capitalization of $36.36 billion, a PE ratio of 33.32, a PEG ratio of 2.01 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. As a group, analysts predict that Vulcan Materials Company will post 9.3 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s payout ratio is presently 24.73%.

Wall Street Analyst Weigh In

VMC has been the topic of several recent research reports. Stifel Nicolaus set a $333.00 price target on shares of Vulcan Materials in a research report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Royal Bank Of Canada reduced their price objective on Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 30th. Barclays lifted their target price on Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Zacks Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.79.

About Vulcan Materials

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.