Rafferty Asset Management LLC Has $2.34 Million Stock Holdings in Vulcan Materials (NYSE:VMC)

Rafferty Asset Management LLC increased its holdings in shares of Vulcan Materials (NYSE:VMCFree Report) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,315 shares of the construction company’s stock after acquiring an additional 410 shares during the period. Rafferty Asset Management LLC’s holdings in Vulcan Materials were worth $2,342,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Avantax Advisory Services Inc. boosted its holdings in Vulcan Materials by 6.9% during the third quarter. Avantax Advisory Services Inc. now owns 1,104 shares of the construction company’s stock valued at $223,000 after purchasing an additional 71 shares in the last quarter. Atria Wealth Solutions Inc. grew its position in Vulcan Materials by 2.5% in the third quarter. Atria Wealth Solutions Inc. now owns 3,411 shares of the construction company’s stock valued at $689,000 after acquiring an additional 83 shares during the period. Pathstone Family Office LLC raised its stake in Vulcan Materials by 242.3% during the third quarter. Pathstone Family Office LLC now owns 3,399 shares of the construction company’s stock worth $687,000 after acquiring an additional 2,406 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Vulcan Materials by 15.1% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,715 shares of the construction company’s stock valued at $5,397,000 after acquiring an additional 3,509 shares during the period. Finally, Greenleaf Trust boosted its stake in shares of Vulcan Materials by 2.7% in the 3rd quarter. Greenleaf Trust now owns 2,008 shares of the construction company’s stock valued at $406,000 after purchasing an additional 52 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

Shares of NYSE:VMC opened at $247.59 on Monday. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $276.58. The stock has a market capitalization of $32.74 billion, a P/E ratio of 36.14, a P/E/G ratio of 1.84 and a beta of 0.84. The business has a 50-day moving average price of $260.97 and a two-hundred day moving average price of $246.31.

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

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were given a $0.46 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.84 annualized dividend and a dividend yield of 0.74%. Vulcan Materials’s dividend payout ratio is currently 26.86%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VMC. Jefferies Financial Group increased their target price on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. The Goldman Sachs Group lifted their target price on shares of Vulcan Materials from $264.00 to $292.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Wolfe Research lowered Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $270.00 price objective (up previously from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Finally, Citigroup increased their target price on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $277.08.

Read Our Latest Report on Vulcan Materials

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 1,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $254.50, for a total value of $254,500.00. Following the transaction, the senior vice president now owns 2,660 shares of the company’s stock, valued at $676,970. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, President Thompson S. Baker II sold 6,610 shares of Vulcan Materials stock in a transaction on Monday, May 13th. The shares were sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the transaction, the president now directly owns 4,784 shares of the company’s stock, valued at $1,304,309.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP David P. Clement sold 1,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $254.50, for a total transaction of $254,500.00. Following the completion of the sale, the senior vice president now owns 2,660 shares of the company’s stock, valued at approximately $676,970. The disclosure for this sale can be found here. Insiders sold a total of 19,410 shares of company stock valued at $5,266,356 over the last three months. Company insiders own 0.61% of the company’s stock.

Vulcan Materials 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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