Vulcan Materials Company $VMC Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its position in Vulcan Materials Company (NYSE:VMC) by 13.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,860 shares of the construction company’s stock after selling 8,685 shares during the period. Public Employees Retirement System of Ohio’s holdings in Vulcan Materials were worth $14,938,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of VMC. NBT Bank N A NY purchased a new position in Vulcan Materials during the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. lifted its stake in Vulcan Materials by 71.7% during the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock valued at $28,000 after acquiring an additional 43 shares during the period. Birchwood Financial Partners Inc. purchased a new stake in shares of Vulcan Materials in the 4th quarter valued at $29,000. Godsey & Gibb Inc. purchased a new stake in shares of Vulcan Materials in the 4th quarter valued at $30,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Vulcan Materials in the third quarter worth $30,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Transactions at Vulcan Materials

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VMC. UBS Group reduced their target price on shares of Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Stifel Nicolaus set a $333.00 price target on Vulcan Materials in a research report on Thursday, April 30th. Wells Fargo & Company reduced their price objective on Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Oppenheimer assumed coverage on Vulcan Materials in a report on Thursday, May 28th. They issued a “market perform” rating for the company. Finally, Royal Bank Of Canada lowered their target price on Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 30th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $327.79.

Vulcan Materials Trading Up 0.2%

Shares of Vulcan Materials stock opened at $280.20 on Monday. The firm has a 50-day simple moving average of $286.78 and a two-hundred day simple moving average of $290.55. The company has a market cap of $36.36 billion, a P/E ratio of 33.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.05. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59.

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

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is currently 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.