Public Employees Retirement System of Ohio Decreases Position in Vulcan Materials (NYSE:VMC)

Public Employees Retirement System of Ohio cut its position in Vulcan Materials (NYSE:VMC) by 10.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 63,679 shares of the construction company’s stock after selling 7,569 shares during the period. Public Employees Retirement System of Ohio’s holdings in Vulcan Materials were worth $17,379,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VMC. Bamco Inc. NY raised its holdings in shares of Vulcan Materials by 190.5% during the first quarter. Bamco Inc. NY now owns 126,474 shares of the construction company’s stock valued at $34,517,000 after purchasing an additional 82,943 shares during the last quarter. BOKF NA raised its holdings in shares of Vulcan Materials by 22.4% during the first quarter. BOKF NA now owns 8,474 shares of the construction company’s stock valued at $2,285,000 after purchasing an additional 1,548 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Vulcan Materials during the first quarter valued at approximately $4,786,000. Capital World Investors purchased a new position in shares of Vulcan Materials during the first quarter valued at approximately $388,027,000. Finally, Toronto Dominion Bank raised its holdings in shares of Vulcan Materials by 2.1% during the first quarter. Toronto Dominion Bank now owns 75,149 shares of the construction company’s stock valued at $20,510,000 after purchasing an additional 1,556 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vulcan Materials

In related news, President Thompson S. Baker II sold 8,600 shares of the firm’s 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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Vulcan Materials news, SVP David P. Clement sold 1,000 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $249.50, for a total transaction of $249,500.00. Following the completion of the transaction, the senior vice president now owns 1,660 shares in the company, valued at $414,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 owns 1,300 shares of the company’s stock, valued at approximately $354,835. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,210 shares of company stock valued at $4,653,520. Corporate insiders own 0.62% of the company’s stock.

Vulcan Materials Stock Performance

VMC opened at $271.00 on Tuesday. The firm has a market cap of $35.84 billion, a P/E ratio of 38.62, a PEG ratio of 2.18 and a beta of 0.82. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $276.58. The company has a 50 day simple moving average of $252.12 and a two-hundred day simple moving average of $254.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81.

Vulcan Materials (NYSE:VMC) last posted 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). The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 earnings per share. Equities analysts forecast that Vulcan Materials will post 8.32 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 15th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.84 annualized dividend and a yield of 0.68%. Vulcan Materials’s payout ratio is 26.86%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VMC. Citigroup decreased their price objective on shares of Vulcan Materials from $322.00 to $297.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Truist Financial upped their target price on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Loop Capital reduced their target price on shares of 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 upped their target price on shares of Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Royal Bank of Canada upped their target price on shares of Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Vulcan Materials currently has an average rating of “Moderate Buy” and a consensus price target of $277.08.

Vulcan Materials Profile

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.