Bokf Na Purchases 1,548 Shares of Vulcan Materials (NYSE:VMC)

Bokf Na grew its position in Vulcan Materials (NYSE:VMC) by 22.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,474 shares of the construction company’s stock after purchasing an additional 1,548 shares during the period. Bokf Na’s holdings in Vulcan Materials were worth $2,285,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Independent Advisor Alliance lifted its holdings in shares of 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 raised 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 raised its holdings in Vulcan Materials by 621.1% during the first quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock worth $64,581,000 after acquiring an additional 203,166 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in Vulcan Materials by 150.1% during the first quarter. Avantax Advisory Services Inc. now owns 4,006 shares of the construction company’s stock worth $1,093,000 after acquiring an additional 2,404 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in Vulcan Materials by 4.2% during 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 currently owned by institutional investors.

Vulcan Materials Trading Up 3.1 %

NYSE:VMC traded up $7.94 during trading hours on Friday, hitting $261.71. 673,485 shares of the company were exchanged, compared to its average volume of 686,519. The stock has a market capitalization of $34.61 billion, a price-to-earnings ratio of 38.21, a price-to-earnings-growth ratio of 2.18 and a beta of 0.82. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. Vulcan Materials has a one year low of $190.51 and a one year high of $276.58. The company has a fifty day simple moving average of $252.03 and a 200 day simple moving average of $253.69.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business posted $0.95 earnings per share. The business’s revenue was down 6.2% on a year-over-year basis. Sell-side analysts expect that Vulcan Materials will post 8.32 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.70%. Vulcan Materials’s payout ratio is currently 26.86%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on VMC shares. Truist Financial upped their target price on Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Citigroup dropped their target price on Vulcan Materials from $322.00 to $297.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Royal Bank of Canada upped their price objective on Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. Stephens upped their price objective on Vulcan Materials from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, Jefferies Financial Group upped their price objective on Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $277.08.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 1,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $254.50, for a total transaction of $254,500.00. Following the completion of the sale, the senior vice president now directly owns 2,660 shares in the company, valued at approximately $676,970. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP David P. Clement sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $254.50, for a total value of $254,500.00. Following the completion of the sale, the senior vice president now directly owns 2,660 shares in the company, valued at approximately $676,970. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Thompson S. Baker II sold 6,610 shares of the firm’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 completion of 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. In the last ninety days, insiders sold 17,210 shares of company stock worth $4,653,520. Company insiders own 0.62% of the company’s stock.

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.