Vulcan Materials (NYSE:VMC) Shares Sold by CX Institutional

CX Institutional trimmed its position in Vulcan Materials (NYSE:VMCFree Report) by 3.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,220 shares of the construction company’s stock after selling 130 shares during the period. CX Institutional’s holdings in Vulcan Materials were worth $958,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of VMC. Pinnacle Bancorp Inc. acquired a new position in Vulcan Materials in the third quarter worth about $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Vulcan Materials in the third quarter valued at approximately $27,000. Exchange Traded Concepts LLC acquired a new position in Vulcan Materials in the fourth quarter valued at approximately $28,000. Achmea Investment Management B.V. acquired a new position in Vulcan Materials in the first quarter valued at approximately $29,000. Finally, Money Concepts Capital Corp acquired a new position in Vulcan Materials in the fourth quarter valued at approximately $39,000. 90.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Vulcan Materials news, VP Randy L. Pigg sold 307 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total value of $78,367.89. Following the transaction, the vice president now owns 1,896 shares of the company’s stock, valued at $483,991.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Vulcan Materials news, insider Stanley G. Bass sold 8,310 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total value of $2,091,460.80. Following the transaction, the insider now owns 29,311 shares of the company’s stock, valued at $7,376,992.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Randy L. Pigg sold 307 shares of Vulcan Materials stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total transaction of $78,367.89. Following the transaction, the vice president now owns 1,896 shares in the company, valued at $483,991.92. The disclosure for this sale can be found here. Insiders have sold a total of 13,017 shares of company stock valued at $3,344,741 over the last quarter. Corporate insiders own 0.62% of the company’s stock.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $274.36 on Friday. Vulcan Materials has a 12 month low of $161.69 and a 12 month high of $275.87. The stock has a market cap of $36.28 billion, a price-to-earnings ratio of 39.31, a PEG ratio of 2.01 and a beta of 0.83. The stock’s 50 day moving average price is $248.24 and its 200 day moving average price is $225.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.39.

Vulcan Materials (NYSE:VMCGet Free Report) last announced its earnings results on Friday, February 16th. The construction company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.40 by $0.06. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the company earned $1.08 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts anticipate that Vulcan Materials will post 8.36 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were issued a dividend of $0.46 per share. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, March 1st. This represents a $1.84 annualized dividend and a yield of 0.67%. Vulcan Materials’s payout ratio is presently 26.36%.

Analysts Set New Price Targets

A number of equities analysts have commented on VMC shares. The Goldman Sachs Group lifted their target price on Vulcan Materials from $264.00 to $292.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Royal Bank of Canada lifted their target price on Vulcan Materials from $236.00 to $269.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 20th. Stifel Nicolaus lifted their target price on Vulcan Materials from $260.00 to $279.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $270.00 price target (up previously from $245.00) on shares of Vulcan Materials in a report on Friday. Finally, Truist Financial lifted their price target on Vulcan Materials from $260.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and an average target price of $262.54.

View Our Latest Research Report on Vulcan Materials

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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