Strs Ohio Trims Stock Holdings in Vulcan Materials (NYSE:VMC)

Strs Ohio lowered its holdings in Vulcan Materials (NYSE:VMCGet Rating) by 24.4% in the third quarter, HoldingsChannel reports. The firm owned 63,384 shares of the construction company’s stock after selling 20,431 shares during the period. Strs Ohio’s holdings in Vulcan Materials were worth $9,996,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VMC. American Century Companies Inc. boosted its holdings in Vulcan Materials by 10.4% in the first quarter. American Century Companies Inc. now owns 7,180 shares of the construction company’s stock valued at $1,319,000 after purchasing an additional 676 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Vulcan Materials by 2.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,685 shares of the construction company’s stock valued at $861,000 after purchasing an additional 110 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Vulcan Materials by 32.2% in the first quarter. Private Advisor Group LLC now owns 2,451 shares of the construction company’s stock valued at $450,000 after purchasing an additional 597 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in Vulcan Materials by 0.9% in the first quarter. Yousif Capital Management LLC now owns 19,808 shares of the construction company’s stock valued at $3,639,000 after purchasing an additional 175 shares during the last quarter. Finally, Prudential PLC bought a new position in Vulcan Materials during the 1st quarter worth approximately $470,000. Hedge funds and other institutional investors own 90.08% of the company’s stock.

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $180.00, for a total value of $360,000.00. Following the sale, the senior vice president now directly owns 1,970 shares in the company, valued at approximately $354,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is owned by insiders.

Analyst Ratings Changes

VMC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised Vulcan Materials from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $185.00 to $200.00 in a report on Thursday, December 8th. Citigroup reduced their target price on Vulcan Materials from $199.00 to $189.00 and set a “buy” rating on the stock in a report on Monday, October 10th. DA Davidson reduced their target price on Vulcan Materials from $205.00 to $200.00 in a report on Wednesday, October 12th. Raymond James reduced their target price on Vulcan Materials from $197.00 to $186.00 and set an “outperform” rating on the stock in a report on Friday, November 4th. Finally, Vertical Research raised Vulcan Materials from a “hold” rating to a “buy” rating in a report on Monday, September 12th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.82.

Vulcan Materials Trading Up 3.4 %

Shares of NYSE VMC opened at $181.36 on Monday. Vulcan Materials has a 12-month low of $137.54 and a 12-month high of $211.63. The company has a current ratio of 1.71, a quick ratio of 1.31 and a debt-to-equity ratio of 0.56. The company has a market cap of $24.10 billion, a price-to-earnings ratio of 40.76, a price-to-earnings-growth ratio of 1.90 and a beta of 0.79. The stock’s 50 day simple moving average is $177.15 and its 200 day simple moving average is $166.07.

Vulcan Materials (NYSE:VMCGet Rating) last posted its earnings results on Wednesday, November 2nd. The construction company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.71 by $0.07. Vulcan Materials had a return on equity of 10.56% and a net margin of 8.26%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2 billion. Equities research analysts expect that Vulcan Materials will post 5.37 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 5th. Investors of record on Tuesday, November 15th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Monday, November 14th. Vulcan Materials’s dividend payout ratio is currently 35.96%.

Vulcan Materials Profile

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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 Aggregates segment 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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