Ilmarinen Mutual Pension Insurance Co Reduces Stock Position in Vulcan Materials Company $VMC

Ilmarinen Mutual Pension Insurance Co reduced its position in Vulcan Materials Company (NYSE:VMC) by 8.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,600 shares of the construction company’s stock after selling 1,900 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Vulcan Materials were worth $5,590,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in Vulcan Materials in the 4th quarter valued at about $497,000. NewEdge Advisors LLC grew its holdings in Vulcan Materials by 3.9% in the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock valued at $1,017,000 after buying an additional 163 shares during the period. Empowered Funds LLC grew its holdings in Vulcan Materials by 6.3% in the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock valued at $745,000 after buying an additional 190 shares during the period. Focus Partners Wealth grew its stake in shares of Vulcan Materials by 28.5% during the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock valued at $775,000 after buying an additional 736 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Vulcan Materials by 31.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock valued at $78,000 after buying an additional 80 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VMC. Royal Bank Of Canada boosted their price objective on shares of Vulcan Materials from $296.00 to $298.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Citigroup decreased their target price on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a report on Friday, May 1st. Truist Financial boosted their target price on Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Wall Street Zen raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus target price of $330.58.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $277.44 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. The company’s 50-day simple moving average is $279.28 and its 200-day simple moving average is $290.51. Vulcan Materials Company has a one year low of $252.35 and a one year high of $331.09. The stock has a market capitalization of $36.00 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 2.00 and a beta of 1.09.

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, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the business posted $1.00 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be paid a $0.52 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.73%.

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.