Allianz Asset Management GmbH Reduces Stake in Vulcan Materials (NYSE:VMC)

Allianz Asset Management GmbH cut its holdings in shares of Vulcan Materials (NYSE:VMCFree Report) by 36.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,987 shares of the construction company’s stock after selling 6,790 shares during the period. Allianz Asset Management GmbH’s holdings in Vulcan Materials were worth $2,721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new position in Vulcan Materials during the 4th quarter valued at $28,000. Private Wealth Management Group LLC bought a new position in shares of Vulcan Materials during the fourth quarter valued at approximately $45,000. Avalon Trust Co purchased a new position in shares of Vulcan Materials during the fourth quarter valued at approximately $58,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Vulcan Materials in the 4th quarter worth approximately $59,000. Finally, VisionPoint Advisory Group LLC grew its stake in shares of Vulcan Materials by 1,447.1% in the 4th quarter. VisionPoint Advisory Group LLC now owns 263 shares of the construction company’s stock worth $60,000 after buying an additional 246 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VMC. Truist Financial lifted their price objective on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Jefferies Financial Group raised their price objective on shares of Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Stephens increased their price target on shares of Vulcan Materials from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Wolfe Research downgraded shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Finally, Citigroup upped their price objective on Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.08.

View Our Latest Stock Analysis on VMC

Insider Buying and Selling at Vulcan Materials

In other news, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total value of $862,336.00. Following the completion of the sale, the senior vice president now directly owns 5,395 shares of the company’s stock, valued at $1,453,844.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the sale, the senior vice president now owns 5,395 shares in the company, valued at $1,453,844.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thompson S. Baker II sold 6,610 shares of Vulcan Materials stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $272.64, for a total value of $1,802,150.40. Following the sale, the president now directly owns 4,784 shares in the company, valued at approximately $1,304,309.76. The disclosure for this sale can be found here. Insiders have sold 19,410 shares of company stock valued at $5,266,356 over the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Vulcan Materials Trading Down 0.4 %

Shares of VMC stock opened at $247.59 on Friday. Vulcan Materials has a 1 year low of $190.51 and a 1 year high of $276.58. The firm has a fifty day moving average price of $260.97 and a 200-day moving average price of $245.82. The company has a market cap of $32.74 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 1.87 and a beta of 0.84. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81.

Vulcan Materials (NYSE:VMCGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.11). Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the firm posted $0.95 EPS. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, equities analysts predict that Vulcan Materials will post 8.55 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, May 23rd. Vulcan Materials’s payout ratio is 26.86%.

Vulcan Materials Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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