Swiss National Bank Sells 19,100 Shares of Vulcan Materials Company $VMC

Swiss National Bank reduced its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 380,800 shares of the construction company’s stock after selling 19,100 shares during the quarter. Swiss National Bank’s holdings in Vulcan Materials were worth $117,142,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VMC. Fulton Bank N.A. grew its position in Vulcan Materials by 4.1% in the third quarter. Fulton Bank N.A. now owns 960 shares of the construction company’s stock valued at $295,000 after purchasing an additional 38 shares in the last quarter. Harfst & Associates Inc. boosted its stake in shares of Vulcan Materials by 0.6% during the 3rd quarter. Harfst & Associates Inc. now owns 6,416 shares of the construction company’s stock worth $1,974,000 after buying an additional 38 shares during the last quarter. Massachusetts Wealth Management boosted its stake in shares of Vulcan Materials by 0.7% during the 3rd quarter. Massachusetts Wealth Management now owns 5,470 shares of the construction company’s stock worth $1,683,000 after buying an additional 40 shares during the last quarter. Bollard Group LLC increased its position in shares of Vulcan Materials by 5.3% in the second quarter. Bollard Group LLC now owns 819 shares of the construction company’s stock valued at $214,000 after acquiring an additional 41 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its position in shares of Vulcan Materials by 1.7% in the third quarter. HighPoint Advisor Group LLC now owns 2,523 shares of the construction company’s stock valued at $776,000 after acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In related news, President Thompson S. Baker II sold 7,135 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $300.81, for a total transaction of $2,146,279.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Melissa H. Anderson sold 1,137 shares of Vulcan Materials stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $303.72, for a total value of $345,329.64. The disclosure for this sale is available in the SEC filing. Company insiders own 0.61% of the company’s stock.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $271.90 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.69 and a quick ratio of 1.97. The firm has a market cap of $35.50 billion, a price-to-earnings ratio of 33.48, a P/E/G ratio of 2.03 and a beta of 1.05. The stock’s fifty day moving average price is $303.66 and its two-hundred day moving average price is $297.39. Vulcan Materials Company has a one year low of $218.83 and a one year high of $331.09.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Tuesday, February 17th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.41). The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.95 billion. Vulcan Materials had a return on equity of 12.56% and a net margin of 13.56%.The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.17 earnings per share. On average, equities analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be paid a dividend of $0.52 per share. The ex-dividend date is Monday, March 9th. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a yield of 0.8%. Vulcan Materials’s dividend payout ratio is currently 25.62%.

Wall Street Analyst Weigh In

Several research analysts recently commented on VMC shares. Morgan Stanley increased their price target on Vulcan Materials from $321.00 to $322.00 and gave the company an “equal weight” rating in a research report on Monday. Truist Financial upped their price objective on Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Royal Bank Of Canada cut their price objective on Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating for the company in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research report on Tuesday, January 27th. Finally, Wells Fargo & Company decreased their price objective on shares of Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.29.

Vulcan Materials Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.