Cullinan Associates Inc. Sells 9,600 Shares of Vulcan Materials (NYSE:VMC)

Cullinan Associates Inc. decreased its position in shares of Vulcan Materials (NYSE:VMCFree Report) by 86.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,500 shares of the construction company’s stock after selling 9,600 shares during the period. Cullinan Associates Inc.’s holdings in Vulcan Materials were worth $409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMC. Register Financial Advisors LLC bought a new stake in Vulcan Materials during the 1st quarter worth approximately $27,000. Exchange Traded Concepts LLC purchased a new stake in Vulcan Materials during the 4th quarter valued at approximately $28,000. Opal Wealth Advisors LLC purchased a new stake in Vulcan Materials during the 1st quarter valued at approximately $33,000. Private Wealth Management Group LLC purchased a new stake in Vulcan Materials during the 4th quarter valued at approximately $45,000. Finally, Trust Co. of Vermont grew its holdings in Vulcan Materials by 144.0% during the 4th quarter. Trust Co. of Vermont now owns 244 shares of the construction company’s stock valued at $55,000 after buying an additional 144 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Up 0.6 %

NYSE VMC opened at $245.07 on Wednesday. The company has a quick ratio of 1.81, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $256.61 and a two-hundred day moving average of $250.14. The firm has a market capitalization of $32.41 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 1.86 and a beta of 0.82. Vulcan Materials has a 52 week low of $190.51 and a 52 week high of $276.58.

Vulcan Materials (NYSE:VMCGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.11). The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 earnings per share. On average, analysts predict that Vulcan Materials will post 8.51 earnings per share for the current year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.84 annualized dividend and a dividend yield of 0.75%. Vulcan Materials’s dividend payout ratio (DPR) is 26.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stephens increased their price objective 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $270.00 price objective (up from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Citigroup increased their price objective on shares of Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a report on Friday, April 5th. Truist Financial increased their price objective on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada raised their target price on shares of Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $277.08.

Get Our Latest Report on Vulcan Materials

Insider Transactions at Vulcan Materials

In other news, SVP David P. Clement sold 1,000 shares of Vulcan Materials stock in a transaction on Monday, June 10th. The stock was sold at an average price of $249.50, for a total transaction of $249,500.00. Following the completion of the sale, the senior vice president now directly owns 1,660 shares in the company, valued at $414,170. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, President Thompson S. Baker II sold 6,610 shares of Vulcan Materials stock in a transaction on Monday, May 13th. The stock was sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the completion of the sale, the president now directly owns 4,784 shares in the company, valued at $1,304,309.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David P. Clement sold 1,000 shares of Vulcan Materials stock in a transaction on Monday, June 10th. The stock was sold at an average price of $249.50, for a total value of $249,500.00. Following the sale, the senior vice president now owns 1,660 shares of the company’s stock, valued at $414,170. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,210 shares of company stock worth $4,653,520. 0.61% of the stock is currently owned by insiders.

About Vulcan Materials

(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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