Vulcan Materials Company $VMC Shares Sold by Aberdeen Group plc

Aberdeen Group plc trimmed its stake in shares of Vulcan Materials Company (NYSE:VMC) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,473 shares of the construction company’s stock after selling 1,801 shares during the quarter. Aberdeen Group plc owned about 0.08% of Vulcan Materials worth $31,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in VMC. Vanguard Group Inc. boosted its stake in Vulcan Materials by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock valued at $5,293,274,000 after purchasing an additional 311,539 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Vulcan Materials by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 7,924,285 shares of the construction company’s stock valued at $2,437,669,000 after buying an additional 99,298 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Vulcan Materials by 5.8% during the third quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock valued at $2,345,703,000 after buying an additional 414,828 shares in the last quarter. State Street Corp grew its holdings in Vulcan Materials by 1.7% during the second quarter. State Street Corp now owns 5,558,791 shares of the construction company’s stock worth $1,449,844,000 after acquiring an additional 95,256 shares during the period. Finally, Bank of America Corp DE grew its holdings in Vulcan Materials by 0.4% during the third quarter. Bank of America Corp DE now owns 2,318,474 shares of the construction company’s stock worth $713,209,000 after acquiring an additional 9,030 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VMC has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Barclays lowered their price objective on shares of Vulcan Materials from $320.00 to $296.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Zacks Research downgraded shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 11th. Citigroup increased their target price on shares of Vulcan Materials from $345.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Truist Financial raised their target price on shares of Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $324.92.

Vulcan Materials Trading Up 0.1%

Shares of VMC opened at $280.07 on Friday. The business’s 50-day moving average price is $291.93 and its 200 day moving average price is $294.09. The stock has a market capitalization of $36.54 billion, a P/E ratio of 34.49, a P/E/G ratio of 1.95 and a beta of 1.10. Vulcan Materials Company has a 1-year low of $218.87 and a 1-year high of $331.09. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the company posted $2.17 earnings per share. Vulcan Materials’s quarterly revenue was up 3.2% compared to the same quarter last year. Analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, March 9th. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. Vulcan Materials’s dividend payout ratio is presently 25.62%.

Insiders Place Their Bets

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,137 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $303.72, for a total transaction of $345,329.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.62% of the company’s stock.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.