Vulcan Materials Company $VMC Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System grew its position in Vulcan Materials Company (NYSE:VMC) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,937 shares of the construction company’s stock after acquiring an additional 1,730 shares during the period. State Board of Administration of Florida Retirement System owned about 0.10% of Vulcan Materials worth $35,455,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. National Pension Service boosted its position in Vulcan Materials by 0.8% during the second quarter. National Pension Service now owns 175,458 shares of the construction company’s stock worth $45,763,000 after acquiring an additional 1,455 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Vulcan Materials by 12.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,824,987 shares of the construction company’s stock valued at $2,040,914,000 after acquiring an additional 857,210 shares during the last quarter. American Century Companies Inc. lifted its stake in Vulcan Materials by 19.3% in the 2nd quarter. American Century Companies Inc. now owns 256,789 shares of the construction company’s stock worth $66,976,000 after purchasing an additional 41,504 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Vulcan Materials by 26.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 19,938 shares of the construction company’s stock worth $5,308,000 after purchasing an additional 4,140 shares in the last quarter. Finally, Alpha Cubed Investments LLC boosted its holdings in shares of Vulcan Materials by 577.2% during the 2nd quarter. Alpha Cubed Investments LLC now owns 48,902 shares of the construction company’s stock worth $12,755,000 after purchasing an additional 41,681 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

Shares of VMC opened at $297.08 on Friday. The firm has a 50-day simple moving average of $294.63 and a two-hundred day simple moving average of $282.28. The stock has a market cap of $39.25 billion, a PE ratio of 41.49, a P/E/G ratio of 2.39 and a beta of 0.95. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $311.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company posted $2.22 EPS. As a group, analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th were paid a dividend of $0.49 per share. The ex-dividend date was Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is 23.28%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VMC shares. Barclays increased their price target on Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research note on Thursday, October 30th. JPMorgan Chase & Co. lifted their price target on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Citigroup lowered their price target on shares of Vulcan Materials from $356.00 to $342.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Finally, Stifel Nicolaus set a $327.00 price objective on shares of Vulcan Materials in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average price target of $317.58.

Insider Activity

In related news, President Thompson S. Baker II sold 4,853 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $295.63, for a total transaction of $1,434,692.39. Following the completion of the transaction, the president directly owned 41,485 shares of the company’s stock, valued at $12,264,210.55. The trade was a 10.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David P. Clement sold 2,000 shares of Vulcan Materials stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total value of $577,100.00. Following the completion of the transaction, the senior vice president owned 832 shares of the company’s stock, valued at $240,073.60. The trade was a 70.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 13,369 shares of company stock worth $3,920,556 in the last three months. Corporate insiders own 0.62% of the company’s stock.

About Vulcan Materials

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.