Swedbank AB Sells 200 Shares of Vulcan Materials Company $VMC

Swedbank AB trimmed its stake in shares of Vulcan Materials Company (NYSE:VMC) by 9.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,900 shares of the construction company’s stock after selling 200 shares during the quarter. Swedbank AB’s holdings in Vulcan Materials were worth $443,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its position in Vulcan Materials by 21.0% during the first quarter. Golden State Wealth Management LLC now owns 951 shares of the construction company’s stock worth $222,000 after purchasing an additional 165 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Vulcan Materials by 42.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company’s stock worth $3,686,000 after purchasing an additional 4,678 shares during the period. Exchange Traded Concepts LLC boosted its position in Vulcan Materials by 24.3% during the first quarter. Exchange Traded Concepts LLC now owns 921 shares of the construction company’s stock worth $215,000 after purchasing an additional 180 shares during the period. GAMMA Investing LLC boosted its position in shares of Vulcan Materials by 27.2% in the first quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company’s stock valued at $398,000 after acquiring an additional 365 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Vulcan Materials by 5.6% in the fourth quarter. Wellington Management Group LLP now owns 969 shares of the construction company’s stock valued at $249,000 after acquiring an additional 51 shares during the period. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP David P. Clement sold 698 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $298.56, for a total value of $208,394.88. Following the sale, the senior vice president directly owned 2,832 shares in the company, valued at $845,521.92. This represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VMC shares. Barclays boosted their target price on shares of Vulcan Materials from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Vulcan Materials from $285.00 to $330.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Morgan Stanley reduced their target price on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a research report on Monday, July 28th. Citigroup reissued a “buy” rating and issued a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Finally, Royal Bank Of Canada reduced their target price on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Vulcan Materials presently has an average rating of “Buy” and a consensus price target of $308.36.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $291.97 on Wednesday. The business has a 50 day moving average of $283.05 and a 200-day moving average of $262.76. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $302.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The company has a market capitalization of $38.58 billion, a P/E ratio of 40.78, a P/E/G ratio of 2.40 and a beta of 0.86.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the company earned $2.35 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were issued a $0.49 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.96 annualized dividend and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is presently 27.37%.

Vulcan Materials Profile

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.