New York Life Investment Management LLC Buys 122 Shares of Vulcan Materials (NYSE:VMC)

New York Life Investment Management LLC increased its stake in shares of Vulcan Materials (NYSE:VMC) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,782 shares of the construction company’s stock after acquiring an additional 122 shares during the quarter. New York Life Investment Management LLC’s holdings in Vulcan Materials were worth $4,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Vulcan Materials by 47.4% in the third quarter. JPMorgan Chase & Co. now owns 4,503,484 shares of the construction company’s stock worth $909,794,000 after purchasing an additional 1,447,700 shares during the last quarter. FMR LLC grew its position in shares of Vulcan Materials by 6.8% in the 3rd quarter. FMR LLC now owns 3,042,842 shares of the construction company’s stock worth $614,715,000 after buying an additional 194,337 shares during the last quarter. Northern Trust Corp increased its stake in shares of Vulcan Materials by 2.2% during the third quarter. Northern Trust Corp now owns 2,481,652 shares of the construction company’s stock valued at $501,343,000 after buying an additional 54,450 shares during the period. Invesco Ltd. raised its holdings in shares of Vulcan Materials by 3.7% during the third quarter. Invesco Ltd. now owns 2,314,301 shares of the construction company’s stock valued at $467,535,000 after acquiring an additional 83,185 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Vulcan Materials by 4.4% during the third quarter. Morgan Stanley now owns 1,330,004 shares of the construction company’s stock valued at $268,688,000 after acquiring an additional 55,992 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Stock Up 0.0 %

Shares of VMC stock opened at $264.44 on Friday. The company has a market capitalization of $34.98 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 1.98 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 2.39. The company’s fifty day moving average price is $265.53 and its 200-day moving average price is $236.46. Vulcan Materials has a one year low of $187.20 and a one year high of $276.58.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the business earned $0.95 earnings per share. Sell-side analysts expect that Vulcan Materials will post 8.5 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, March 1st. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s payout ratio is currently 26.86%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VMC shares. The Goldman Sachs Group upped their price target on Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Royal Bank of Canada lifted their price target on shares of Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a research report on Friday. Jefferies Financial Group upped their price objective on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Truist Financial raised their target price on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, Stephens boosted their price target on Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and a consensus target price of $277.08.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, insider Stanley G. Bass sold 8,310 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the sale, the insider now directly owns 29,311 shares of the company’s stock, valued at $7,376,992.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Denson N. Franklin III sold 3,200 shares of Vulcan Materials stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the transaction, the senior vice president now directly owns 5,395 shares of the company’s stock, valued at approximately $1,453,844.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction, the insider now owns 29,311 shares in the company, valued at $7,376,992.48. 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 90 days. 0.62% of the stock is owned by corporate insiders.

Vulcan Materials 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.