Sentry Investment Management LLC Has $158,000 Stock Holdings in Vulcan Materials (NYSE:VMC)

Sentry Investment Management LLC decreased its stake in Vulcan Materials (NYSE:VMC) by 9.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 697 shares of the construction company’s stock after selling 75 shares during the quarter. Sentry Investment Management LLC’s holdings in Vulcan Materials were worth $158,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of VMC. Pinnacle Bancorp Inc. purchased a new stake in Vulcan Materials during the third quarter valued at about $25,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Vulcan Materials in the 3rd quarter valued at approximately $27,000. Exchange Traded Concepts LLC acquired a new position in Vulcan Materials in the 4th quarter worth approximately $28,000. Achmea Investment Management B.V. acquired a new position in Vulcan Materials in the 1st quarter worth approximately $29,000. Finally, Money Concepts Capital Corp purchased a new position in Vulcan Materials during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

NYSE VMC opened at $258.26 on Thursday. The company has a quick ratio of 2.39, a current ratio of 3.17 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $34.16 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 1.88 and a beta of 0.83. Vulcan Materials has a 12-month low of $166.43 and a 12-month high of $276.58. The company has a 50 day moving average price of $262.80 and a two-hundred day moving average price of $232.44.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.06. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.84 billion. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. Vulcan Materials’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 EPS. As a group, equities analysts predict that Vulcan Materials will post 8.43 earnings per share 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 issued a dividend of $0.46 per share. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, March 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.71%. Vulcan Materials’s dividend payout ratio is currently 26.36%.

Analysts Set New Price Targets

VMC has been the subject of a number of research analyst reports. Truist Financial increased their target price on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group increased their price objective on Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Wolfe Research lowered Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Raymond James upped their target price on Vulcan Materials from $225.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Morgan Stanley initiated coverage on shares of Vulcan Materials in a research report on Monday, January 8th. They issued an “equal weight” rating and a $208.00 price target for the company. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $268.85.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $260.48, for a total transaction of $312,576.00. Following the completion of the sale, the director now owns 330 shares of the company’s stock, valued at $85,958.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Melissa H. Anderson sold 1,200 shares of Vulcan Materials stock in a transaction on Monday, February 26th. The shares were sold at an average price of $260.48, for a total value of $312,576.00. Following the transaction, the director now owns 330 shares in the company, valued at approximately $85,958.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stanley G. Bass sold 8,310 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the sale, the insider now owns 29,311 shares of the company’s stock, valued at $7,376,992.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,017 shares of company stock valued at $3,344,741. Corporate insiders own 0.62% of the company’s stock.

Vulcan Materials Company 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.