Pacer Advisors Inc. Sells 3,705 Shares of Vulcan Materials Company $VMC

Pacer Advisors Inc. cut its holdings in Vulcan Materials Company (NYSE:VMC) by 34.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,125 shares of the construction company’s stock after selling 3,705 shares during the quarter. Pacer Advisors Inc.’s holdings in Vulcan Materials were worth $1,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Vulcan Materials by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,576,172 shares of the construction company’s stock worth $1,016,168,000 after buying an additional 32,012 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Vulcan Materials by 6.1% during the second quarter. Bank of America Corp DE now owns 2,309,444 shares of the construction company’s stock valued at $602,349,000 after acquiring an additional 133,523 shares in the last quarter. Morgan Stanley raised its holdings in shares of Vulcan Materials by 7.9% during the fourth quarter. Morgan Stanley now owns 1,727,232 shares of the construction company’s stock valued at $492,642,000 after acquiring an additional 126,523 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Vulcan Materials by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,346,422 shares of the construction company’s stock worth $366,592,000 after acquiring an additional 24,187 shares during the period. Finally, Norges Bank purchased a new stake in Vulcan Materials in the fourth quarter worth $383,613,000. Institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, SVP David P. Clement sold 2,212 shares of the 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 transaction, the senior vice president directly owned 8,716 shares of the company’s stock, valued at $2,547,599.64. This represents a 20.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.65% of the company’s stock.

Vulcan Materials Trading Up 1.1%

Vulcan Materials stock opened at $284.59 on Friday. Vulcan Materials Company has a one year low of $252.35 and a one year high of $331.09. The business’s fifty day moving average is $289.57 and its 200 day moving average is $289.13. The stock has a market capitalization of $36.88 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.Vulcan Materials’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.42 EPS. On average, sell-side analysts predict that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be paid 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 payout ratio is currently 24.56%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Barclays boosted their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a research note on Tuesday, July 7th. Royal Bank Of Canada boosted their price target on shares of Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Stephens increased their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Raymond James Financial restated an “outperform” rating on shares of Vulcan Materials in a report on Wednesday, July 15th. Eight investment 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 stock has a consensus rating of “Moderate Buy” and an average target price of $327.93.

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.