Elo Mutual Pension Insurance Co Acquires Shares of 13,076 Vulcan Materials Company $VMC

Elo Mutual Pension Insurance Co bought a new position in Vulcan Materials Company (NYSE:VMC) during the 3rd quarter, Holdings Channel.com reports. The firm bought 13,076 shares of the construction company’s stock, valued at approximately $4,022,000.

Several other hedge funds also recently made changes to their positions in the company. Westside Investment Management Inc. boosted its position in Vulcan Materials by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after buying an additional 42 shares during the period. Greykasell Wealth Strategies Inc. purchased a new position in shares of Vulcan Materials in the third quarter valued at about $29,000. Atlantic Union Bankshares Corp bought a new position in shares of Vulcan Materials during the second quarter valued at about $32,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Vulcan Materials during the third quarter worth about $42,000. Finally, Bayforest Capital Ltd bought a new stake in shares of Vulcan Materials in the third quarter worth about $46,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wells Fargo & Company lowered their price target on 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. DA Davidson reduced their target price on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Truist Financial raised their price target on Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Wall Street Zen cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, Royal Bank Of Canada decreased their price objective on shares of Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating for the company in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.07.

Insider Buying and Selling

In related news, Director Melissa H. Anderson sold 1,137 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $303.72, for a total transaction of $345,329.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Thompson S. Baker II sold 7,135 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $300.81, for a total transaction of $2,146,279.35. The SEC filing for this sale provides additional information. Insiders have sold 8,937 shares of company stock valued at $2,687,784 over the last quarter. Corporate insiders own 0.61% of the company’s stock.

Vulcan Materials Trading Down 2.1%

VMC opened at $299.85 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $331.09. The stock has a market cap of $39.15 billion, a PE ratio of 36.93, a PEG ratio of 2.25 and a beta of 1.05. The business has a 50 day moving average of $304.84 and a 200-day moving average of $297.71.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). The firm had revenue of $1.91 billion during 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%.Vulcan Materials’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.17 EPS. Equities research analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be given a dividend of $0.52 per share. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, March 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is 24.14%.

About Vulcan Materials

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.