58,669 Shares in Vulcan Materials Company $VMC Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in Vulcan Materials Company (NYSE:VMC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 58,669 shares of the construction company’s stock, valued at approximately $17,308,000.

Other large investors have also recently bought and sold shares of the company. Burkett Financial Services LLC bought a new stake in shares of Vulcan Materials in the second quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Vulcan Materials in the third quarter valued at approximately $30,000. Birchwood Financial Partners Inc. acquired a new stake in Vulcan Materials during the 4th quarter worth approximately $29,000. Meeder Asset Management Inc. boosted its stake in Vulcan Materials by 71.7% in the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock valued at $28,000 after purchasing an additional 43 shares during the period. Finally, Clearstead Trust LLC bought a new stake in Vulcan Materials in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VMC. Oppenheimer began coverage on Vulcan Materials in a report on Thursday, May 28th. They set a “market perform” rating for the company. Wall Street Zen upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada increased their target price on shares of Vulcan Materials from $293.00 to $300.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday, June 2nd. Finally, Wells Fargo & Company reduced their price target on Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and a consensus price target of $328.64.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $275.11 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47. The company has a market cap of $35.65 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 1.98 and a beta of 1.06. The company has a 50 day moving average of $286.74 and a 200-day moving average of $286.28. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the firm posted $2.42 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be paid a $0.52 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.56%.

Insider Activity

In other news, SVP David P. Clement sold 2,212 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the transaction, the senior vice president owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. The trade was a 20.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

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.