Vulcan Materials Company $VMC Position Increased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 82.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,934 shares of the construction company’s stock after purchasing an additional 11,681 shares during the period. Rockefeller Capital Management L.P.’s holdings in Vulcan Materials were worth $7,397,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VMC. Corient Private Wealth LLC raised its stake in Vulcan Materials by 29.4% during the fourth quarter. Corient Private Wealth LLC now owns 23,362 shares of the construction company’s stock worth $6,664,000 after acquiring an additional 5,301 shares during the period. Hsbc Holdings PLC boosted its stake in Vulcan Materials by 2.2% in the fourth quarter. Hsbc Holdings PLC now owns 223,520 shares of the construction company’s stock valued at $63,842,000 after acquiring an additional 4,847 shares during the period. Reflection Asset Management acquired a new position in Vulcan Materials in the fourth quarter valued at approximately $37,000. MidFirst Bank bought a new position in shares of Vulcan Materials during the fourth quarter valued at approximately $2,177,000. Finally, Virtu Financial LLC bought a new position in shares of Vulcan Materials during the fourth quarter valued at approximately $617,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays raised their price target on Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Zacks Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a research note on Thursday, April 30th. Wall Street Zen upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Stephens boosted their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Vulcan Materials currently has a consensus rating of “Hold” and an average price target of $326.92.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the sale, the senior vice president owned 8,716 shares of the company’s stock, valued at $2,547,599.64. This represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $313.19 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The stock has a 50 day simple moving average of $285.14 and a 200-day simple moving average of $290.59. The company has a market cap of $40.64 billion, a PE ratio of 37.24, a P/E/G ratio of 2.22 and a beta of 1.05. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09.

Vulcan Materials (NYSE:VMC) last posted 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. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm earned $1.00 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that Vulcan Materials Company will post 9.28 EPS for the current year.

Vulcan Materials Dividend Announcement

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

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.