Vulcan Materials (NYSE:VMC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in shares of Vulcan Materials (NYSE:VMC) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,285 shares of the construction company’s stock after selling 1,091 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Vulcan Materials were worth $4,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bridgeworth LLC acquired a new stake in shares of Vulcan Materials during the 4th quarter worth approximately $204,000. Sequoia Financial Advisors LLC grew its holdings in Vulcan Materials by 108.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,280 shares of the construction company’s stock worth $518,000 after buying an additional 1,185 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Vulcan Materials by 17,706.3% in the 4th quarter. International Assets Investment Management LLC now owns 47,899 shares of the construction company’s stock worth $10,874,000 after buying an additional 47,630 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in Vulcan Materials by 9.8% in the 4th quarter. Bleakley Financial Group LLC now owns 1,574 shares of the construction company’s stock worth $357,000 after buying an additional 140 shares in the last quarter. Finally, Meeder Advisory Services Inc. grew its holdings in Vulcan Materials by 4.1% in the 4th quarter. Meeder Advisory Services Inc. now owns 2,704 shares of the construction company’s stock worth $614,000 after buying an additional 106 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VMC. Citigroup increased their price objective on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Wolfe Research lowered Vulcan Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. Raymond James increased their price objective on Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $270.00 price objective (up from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Finally, Royal Bank of Canada increased their price target 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. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $268.85.

Insider Activity

In other news, VP Randy L. Pigg sold 307 shares of the 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 completion of the sale, the vice president now owns 1,896 shares in the company, valued at $483,991.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total value of $862,336.00. Following the completion of the sale, the senior vice president now owns 5,395 shares in the company, valued at $1,453,844.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Randy L. Pigg sold 307 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total value of $78,367.89. Following the completion of the sale, the vice president now owns 1,896 shares of the company’s stock, valued at approximately $483,991.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,017 shares of company stock worth $3,344,741. Insiders own 0.61% of the company’s stock.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $260.47 on Tuesday. Vulcan Materials has a one year low of $166.43 and a one year high of $276.58. The stock has a fifty day moving average of $261.83 and a 200-day moving average of $231.86. The company has a market capitalization of $34.45 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 1.92 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.39 and a current ratio of 3.17.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Friday, February 16th. The construction company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.06. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts anticipate that Vulcan Materials will post 8.38 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, March 1st. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s dividend payout ratio is 26.36%.

About Vulcan Materials

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.