Vulcan Materials Company $VMC Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp raised its position in Vulcan Materials Company (NYSE:VMC) by 47.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,564 shares of the construction company’s stock after purchasing an additional 4,688 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Vulcan Materials were worth $3,966,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VMC. Atria Investments Inc boosted its holdings in shares of Vulcan Materials by 54.1% during the fourth quarter. Atria Investments Inc now owns 12,334 shares of the construction company’s stock worth $3,518,000 after purchasing an additional 4,331 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in Vulcan Materials in the fourth quarter valued at $1,318,000. North Dakota State Investment Board acquired a new position in Vulcan Materials in the fourth quarter valued at $1,293,000. ABC Arbitrage SA purchased a new position in Vulcan Materials during the fourth quarter worth about $5,821,000. Finally, Westfield Capital Management Co. LP lifted its position in Vulcan Materials by 7.4% during the fourth quarter. Westfield Capital Management Co. LP now owns 254,044 shares of the construction company’s stock worth $72,459,000 after buying an additional 17,488 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of Vulcan Materials stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the transaction, the senior vice president directly owned 8,716 shares of the company’s stock, valued at $2,547,599.64. The trade was a 20.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on VMC shares. Royal Bank Of Canada lowered their price target on Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating for the company in a report on Tuesday, June 30th. Citigroup cut their price objective 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. Zacks Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Stifel Nicolaus set a $333.00 target price on shares of Vulcan Materials in a report on Thursday, April 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Vulcan Materials in a report on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.79.

Vulcan Materials Stock Performance

Shares of NYSE:VMC opened at $284.53 on Tuesday. The firm has a market capitalization of $36.92 billion, a PE ratio of 33.83, a P/E/G ratio of 2.01 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The business has a 50-day moving average of $287.14 and a two-hundred day moving average of $290.44. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $1.00 EPS. As a group, research analysts forecast that Vulcan Materials Company will post 9.3 earnings per share for the current year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be issued a $0.52 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.08 annualized dividend and a yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) 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.