Ossiam Cuts Stock Position in Vulcan Materials (NYSE:VMC)

Ossiam cut its holdings in shares of Vulcan Materials (NYSE:VMCFree Report) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,466 shares of the construction company’s stock after selling 530 shares during the period. Ossiam’s holdings in Vulcan Materials were worth $1,468,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new stake in Vulcan Materials during the fourth quarter worth about $28,000. Private Wealth Management Group LLC purchased a new stake in Vulcan Materials during the fourth quarter worth about $45,000. Avalon Trust Co purchased a new stake in Vulcan Materials during the fourth quarter worth about $58,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Vulcan Materials during the fourth quarter worth about $59,000. Finally, Covestor Ltd grew its position in shares of Vulcan Materials by 273.4% during the third quarter. Covestor Ltd now owns 295 shares of the construction company’s stock worth $60,000 after buying an additional 216 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VMC has been the subject of a number of analyst reports. Wolfe Research downgraded Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. The Goldman Sachs Group boosted their price objective on Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Citigroup boosted their price objective on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Royal Bank of Canada boosted their price objective on Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. Finally, Truist Financial upped their price target on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average target price of $277.08.

Get Our Latest Analysis on Vulcan Materials

Vulcan Materials Trading Up 0.1 %

NYSE:VMC opened at $247.81 on Tuesday. The stock has a fifty day moving average price of $260.53 and a two-hundred day moving average price of $246.57. The stock has a market capitalization of $32.77 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 1.84 and a beta of 0.84. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 2.74. Vulcan Materials has a 1 year low of $190.51 and a 1 year high of $276.58.

Vulcan Materials (NYSE:VMCGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.11). The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The company’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS. As a group, sell-side analysts anticipate that Vulcan Materials will post 8.55 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, May 23rd. Vulcan Materials’s dividend payout ratio (DPR) is 26.86%.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 1,000 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $254.50, for a total value of $254,500.00. Following the sale, the senior vice president now owns 2,660 shares of the company’s stock, valued at $676,970. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, President Thompson S. Baker II sold 8,600 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $272.95, for a total transaction of $2,347,370.00. Following the sale, the president now owns 1,300 shares of the company’s stock, valued at $354,835. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP David P. Clement sold 1,000 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $254.50, for a total value of $254,500.00. Following the sale, the senior vice president now directly owns 2,660 shares in the company, valued at approximately $676,970. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,410 shares of company stock valued at $5,266,356. Insiders own 0.61% of the company’s stock.

Vulcan Materials Company Profile

(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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