Vulcan Materials (NYSE:VMC) Stock Holdings Cut by American International Group Inc.

American International Group Inc. reduced its position in shares of Vulcan Materials (NYSE:VMC) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,816 shares of the construction company’s stock after selling 293 shares during the quarter. American International Group Inc.’s holdings in Vulcan Materials were worth $9,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VMC. American Century Companies Inc. lifted its position in shares of Vulcan Materials by 21.0% during the 3rd quarter. American Century Companies Inc. now owns 21,087 shares of the construction company’s stock valued at $4,260,000 after acquiring an additional 3,665 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Vulcan Materials by 15.5% during the 4th quarter. SG Americas Securities LLC now owns 5,308 shares of the construction company’s stock valued at $1,205,000 after acquiring an additional 713 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Vulcan Materials by 10.4% during the 4th quarter. HB Wealth Management LLC now owns 1,827 shares of the construction company’s stock valued at $415,000 after acquiring an additional 172 shares during the last quarter. Raymond James & Associates lifted its position in shares of Vulcan Materials by 1.4% during the 4th quarter. Raymond James & Associates now owns 214,896 shares of the construction company’s stock valued at $48,783,000 after acquiring an additional 2,934 shares during the last quarter. Finally, CVA Family Office LLC acquired a new stake in shares of Vulcan Materials during the 4th quarter valued at $62,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of recent research reports. Stephens increased their price objective on Vulcan Materials from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Royal Bank of Canada increased their target price on Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Loop Capital reduced 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. Jefferies Financial Group increased their target price on Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Citigroup reduced their target price on Vulcan Materials from $322.00 to $297.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $277.08.

Insiders Place Their Bets

In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $272.95, for a total transaction of $2,347,370.00. Following the transaction, the president now directly owns 1,300 shares of the company’s stock, valued at $354,835. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP David P. Clement sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $249.50, for a total value of $249,500.00. Following the sale, the senior vice president now directly owns 1,660 shares of the company’s stock, valued at $414,170. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Thompson S. Baker II sold 8,600 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $272.95, for a total value of $2,347,370.00. Following the completion of the sale, the president now directly owns 1,300 shares in the company, valued at $354,835. The disclosure for this sale can be found here. Insiders have sold 17,210 shares of company stock valued at $4,653,520 over the last three months. 0.62% of the stock is currently owned by insiders.

Vulcan Materials Stock Up 3.3 %

Shares of NYSE:VMC traded up $8.29 during midday trading on Thursday, hitting $258.80. 357,083 shares of the stock were exchanged, compared to its average volume of 763,475. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 2.74. Vulcan Materials has a 52-week low of $190.51 and a 52-week high of $276.58. The business’s fifty day simple moving average is $252.10 and its two-hundred day simple moving average is $253.21. The company has a market capitalization of $34.23 billion, a PE ratio of 36.57, a P/E/G ratio of 2.17 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data 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). The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. Vulcan Materials’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.95 earnings per share. As a group, research analysts predict that Vulcan Materials will post 8.32 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, August 15th. Vulcan Materials’s payout ratio is 26.86%.

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.