Vulcan Materials (NYSE:VMC) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its holdings in shares of Vulcan Materials (NYSE:VMCFree Report) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,416 shares of the construction company’s stock after acquiring an additional 65 shares during the quarter. State of Alaska Department of Revenue’s holdings in Vulcan Materials were worth $3,934,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Register Financial Advisors LLC acquired a new position in Vulcan Materials during the first quarter worth about $27,000. Exchange Traded Concepts LLC acquired a new position in Vulcan Materials during the fourth quarter worth about $28,000. Opal Wealth Advisors LLC acquired a new position in Vulcan Materials during the first quarter worth about $33,000. Private Wealth Management Group LLC purchased a new position in Vulcan Materials during the fourth quarter worth about $45,000. Finally, Trust Co. of Vermont raised its stake in Vulcan Materials by 144.0% during the fourth quarter. Trust Co. of Vermont now owns 244 shares of the construction company’s stock worth $55,000 after purchasing an additional 144 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

Shares of VMC opened at $243.92 on Friday. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $276.58. The firm’s 50 day moving average price is $256.07 and its 200 day moving average price is $250.24. The company has a market cap of $32.26 billion, a P/E ratio of 35.61, a PEG ratio of 1.82 and a beta of 0.82. The company has a quick ratio of 1.81, a current ratio of 2.74 and a debt-to-equity ratio of 0.44.

Vulcan Materials (NYSE:VMCGet Free Report) last announced its earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.50 billion. During the same period in the previous year, the company earned $0.95 earnings per share. Vulcan Materials’s quarterly revenue was down 6.2% on a year-over-year basis. On average, research analysts forecast that Vulcan Materials will post 8.51 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

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

Insider Buying and Selling

In related news, President Thompson S. Baker II sold 8,600 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $272.95, for a total transaction of $2,347,370.00. Following the sale, the president now directly owns 1,300 shares of the company’s stock, valued at approximately $354,835. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Vulcan Materials news, SVP David P. Clement sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $249.50, for a total transaction of $249,500.00. Following the completion of the transaction, the senior vice president now owns 1,660 shares in the company, valued at approximately $414,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thompson S. Baker II sold 8,600 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $272.95, for a total transaction of $2,347,370.00. Following the transaction, the president now owns 1,300 shares of the company’s stock, valued at approximately $354,835. The disclosure for this sale can be found here. Insiders have sold a total of 17,210 shares of company stock valued at $4,653,520 in the last ninety days. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wolfe Research downgraded shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Citigroup lifted their target price on shares of Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $270.00 target price (up from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Truist Financial lifted their target price on shares of Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Loop Capital reduced their target price on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus target price of $279.00.

View Our Latest Analysis on Vulcan Materials

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.

Further Reading

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

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