Vulcan Materials (NYSE:VMC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in shares of Vulcan Materials (NYSE:VMC) by 5.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,413 shares of the construction company’s stock after selling 5,795 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Vulcan Materials worth $27,458,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VMC. Independent Advisor Alliance increased its position in Vulcan Materials by 1.2% during the fourth quarter. Independent Advisor Alliance now owns 6,411 shares of the construction company’s stock worth $1,455,000 after purchasing an additional 73 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of Vulcan Materials by 118.1% during the 1st quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock worth $1,132,000 after buying an additional 2,245 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Vulcan Materials by 621.1% in the 1st quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock worth $64,581,000 after buying an additional 203,166 shares during the period. Mather Group LLC. boosted its holdings in Vulcan Materials by 16.1% in the second quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock valued at $134,000 after acquiring an additional 68 shares during the last quarter. Finally, Raymond James & Associates grew its position in Vulcan Materials by 3.0% during the second quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock valued at $50,367,000 after acquiring an additional 5,979 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, SVP David P. Clement sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $254.50, for a total transaction of $254,500.00. Following the transaction, the senior vice president now directly owns 2,660 shares of the company’s stock, valued at $676,970. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VMC shares. Loop Capital reduced their price objective on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Truist Financial cut their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Citigroup decreased their price target on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Royal Bank of Canada reduced their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Finally, Stephens lowered their target price on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $274.73.

Vulcan Materials Stock Up 2.8 %

VMC stock opened at $254.89 on Friday. The firm has a fifty day moving average price of $251.41 and a two-hundred day moving average price of $257.15. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.66. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $278.79. The firm has a market cap of $33.71 billion, a price-to-earnings ratio of 37.21, a PEG ratio of 2.23 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.29 EPS. Research analysts predict that Vulcan Materials will post 7.86 EPS for the current year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, August 15th. Vulcan Materials’s payout ratio is 26.86%.

Vulcan Materials Company 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.