UniSuper Management Pty Ltd Has $1.42 Million Stock Holdings in Vulcan Materials (NYSE:VMC)

UniSuper Management Pty Ltd lifted its stake in Vulcan Materials (NYSE:VMC) by 298.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,207 shares of the construction company’s stock after purchasing an additional 3,900 shares during the period. UniSuper Management Pty Ltd’s holdings in Vulcan Materials were worth $1,421,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Independent Advisor Alliance increased its stake in Vulcan Materials by 1.2% in the fourth quarter. Independent Advisor Alliance now owns 6,411 shares of the construction company’s stock valued at $1,455,000 after purchasing an additional 73 shares in the last quarter. Strs Ohio lifted its holdings in Vulcan Materials by 6.3% during the fourth quarter. Strs Ohio now owns 74,103 shares of the construction company’s stock worth $16,822,000 after acquiring an additional 4,412 shares in the last quarter. Nordea Investment Management AB grew its stake in Vulcan Materials by 621.1% in the first quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock valued at $64,581,000 after acquiring an additional 203,166 shares during the period. Avantax Advisory Services Inc. grew its stake in Vulcan Materials by 150.1% in the first quarter. Avantax Advisory Services Inc. now owns 4,006 shares of the construction company’s stock valued at $1,093,000 after acquiring an additional 2,404 shares during the period. Finally, California State Teachers Retirement System increased its holdings in shares of Vulcan Materials by 4.2% in the fourth quarter. California State Teachers Retirement System now owns 229,757 shares of the construction company’s stock worth $52,157,000 after acquiring an additional 9,193 shares in 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, President Thompson S. Baker II sold 6,610 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $272.64, for a total value of $1,802,150.40. Following the transaction, the president now directly owns 4,784 shares in the company, valued at $1,304,309.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $272.95, for a total transaction of $2,347,370.00. Following the transaction, the president now owns 1,300 shares in the company, valued at approximately $354,835. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Thompson S. Baker II sold 6,610 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $272.64, for a total value of $1,802,150.40. Following the sale, the president now owns 4,784 shares of the company’s stock, valued at $1,304,309.76. The disclosure for this sale can be found here. Insiders have sold a total of 17,210 shares of company stock valued at $4,653,520 in the last ninety days. 0.62% of the stock is currently owned by corporate insiders.

Vulcan Materials Stock Performance

Shares of VMC traded down $0.46 during trading hours on Tuesday, hitting $260.15. The company had a trading volume of 408,100 shares, compared to its average volume of 763,858. The firm has a market cap of $34.40 billion, a price-to-earnings ratio of 37.98, a PEG ratio of 1.96 and a beta of 0.82. The company has a quick ratio of 1.81, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $252.50 and a 200-day moving average of $253.23. Vulcan Materials has a 12 month low of $190.51 and a 12 month high of $276.58.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share 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 the consensus estimate of $1.50 billion. During the same period in the prior year, the company earned $0.95 earnings per share. The firm’s revenue was down 6.2% compared to the same quarter last year. Equities analysts anticipate that Vulcan Materials will post 8.32 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 15th will be paid a $0.46 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.84 annualized dividend and a yield of 0.71%. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.86%.

Analysts Set New Price Targets

VMC has been the subject of several research analyst reports. Royal Bank of Canada boosted their price objective on Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Stephens increased their price objective on shares of Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Truist Financial boosted their price objective on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Loop Capital lowered their target price on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Finally, Jefferies Financial Group boosted their price target on Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $277.08.

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.