Strs Ohio Reduces Position in Vulcan Materials Company $VMC

Strs Ohio trimmed its position in shares of Vulcan Materials Company (NYSE:VMC) by 5.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,262 shares of the construction company’s stock after selling 3,505 shares during the period. Strs Ohio’s holdings in Vulcan Materials were worth $18,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chesapeake Capital Corp IL boosted its position in shares of Vulcan Materials by 0.9% during the fourth quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock valued at $1,059,000 after buying an additional 33 shares during the period. Composition Wealth LLC lifted its stake in shares of Vulcan Materials by 3.5% during the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after acquiring an additional 34 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in shares of Vulcan Materials by 5.5% during the 4th quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock worth $206,000 after acquiring an additional 38 shares during the last quarter. Truist Financial Corp boosted its holdings in Vulcan Materials by 0.3% during the 4th quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock valued at $3,802,000 after acquiring an additional 38 shares during the period. Finally, United Capital Financial Advisors LLC boosted its holdings in Vulcan Materials by 1.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock valued at $952,000 after acquiring an additional 38 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the sale, the senior vice president directly owned 8,716 shares of the company’s stock, valued at $2,547,599.64. This represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. Morgan Stanley cut their price objective on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Citigroup cut their price target on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Raymond James Financial set a $325.00 price target on shares of Vulcan Materials in a research note on Thursday, April 30th. Finally, Barclays lifted their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $326.54.

Vulcan Materials Trading Up 0.1%

VMC opened at $303.45 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average is $286.49 and its two-hundred day moving average is $290.89. The company has a market capitalization of $39.38 billion, a P/E ratio of 36.08, a PEG ratio of 2.19 and a beta of 1.05. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the business earned $1.00 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts forecast that Vulcan Materials Company will post 9.27 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, May 22nd. Vulcan Materials’s payout ratio is presently 24.73%.

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.