Vulcan Materials Company $VMC Shares Sold by Profund Advisors LLC

Profund Advisors LLC lowered its position in shares of Vulcan Materials Company (NYSE:VMC) by 25.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,200 shares of the construction company’s stock after selling 1,809 shares during the quarter. Profund Advisors LLC’s holdings in Vulcan Materials were worth $1,272,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Vulcan Materials during the 2nd quarter worth approximately $2,868,444,000. Tidal Investments LLC lifted its stake in Vulcan Materials by 5.8% in the second quarter. Tidal Investments LLC now owns 37,181 shares of the construction company’s stock valued at $10,969,000 after buying an additional 2,041 shares in the last quarter. SCS Capital Management LLC acquired a new position in shares of Vulcan Materials in the second quarter valued at approximately $19,628,000. Silvant Capital Management LLC acquired a new position in shares of Vulcan Materials in the second quarter valued at approximately $35,140,000. Finally, Veritas Asset Management LLP acquired a new position in shares of Vulcan Materials in the second quarter valued at approximately $306,641,000. Institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, SVP David Clement sold 2,000 shares of Vulcan Materials stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total value of $570,200.00. Following the completion of the transaction, the senior vice president owned 6,716 shares of the company’s stock, valued at $1,914,731.60. This trade represents a 22.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director J. Hill sold 14,000 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the transaction, the director owned 58,209 shares in the company, valued at $16,075,579.53. This represents a 19.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.65% of the company’s stock.

Vulcan Materials Stock Up 2.9%

NYSE:VMC opened at $289.45 on Tuesday. Vulcan Materials Company has a twelve month low of $237.03 and a twelve month high of $331.09. The firm has a market capitalization of $37.51 billion, a price-to-earnings ratio of 34.25, a price-to-earnings-growth ratio of 2.72 and a beta of 1.05. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $256.05 and its two-hundred day moving average price is $280.30.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Thursday, October 29th. The construction company reported $2.83 EPS for the quarter, beating the consensus estimate of $2.81 by $0.02. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.84 EPS. Equities research analysts expect that Vulcan Materials Company will post 8.86 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, November 9th will be paid a $0.52 dividend. The ex-dividend date is Monday, November 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is currently 24.62%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VMC shares. Raymond James Financial dropped their target price on Vulcan Materials from $320.00 to $308.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. Wall Street Zen lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. UBS Group cut their price target on shares of Vulcan Materials from $349.00 to $326.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. B. Riley Financial increased their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Truist Financial decreased their price objective on Vulcan Materials from $360.00 to $320.00 and set a “buy” rating for the company in a report on Monday, October 5th. Twelve analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and an average target price of $311.28.

Vulcan Materials Profile

Vulcan Materials Company (NYSE: VMC) is a producer and distributor of construction materials used in infrastructure, commercial, residential and industrial projects. The company is the largest producer of construction aggregates in the United States, including crushed stone, sand and gravel.

In addition to aggregates, Vulcan Materials produces asphalt mix, ready-mixed concrete and cement. Its materials are used in roads, bridges, airports, commercial buildings, homes and other construction applications.