Vulcan Materials (NYSE:VMC) Shares Sold by Tredje AP fonden

Tredje AP fonden trimmed its holdings in shares of Vulcan Materials (NYSE:VMC) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,984 shares of the construction company’s stock after selling 326 shares during the period. Tredje AP fonden’s holdings in Vulcan Materials were worth $5,218,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Gilbert & Cook Inc. lifted its position in Vulcan Materials by 6.9% during the fourth quarter. Gilbert & Cook Inc. now owns 3,909 shares of the construction company’s stock valued at $887,000 after purchasing an additional 251 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of Vulcan Materials by 45.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,602 shares of the construction company’s stock valued at $364,000 after buying an additional 498 shares during the period. Beacon Pointe Advisors LLC purchased a new stake in shares of Vulcan Materials in the fourth quarter worth about $272,000. Norges Bank acquired a new stake in Vulcan Materials during the fourth quarter worth about $282,528,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Vulcan Materials during the fourth quarter valued at approximately $375,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Price Performance

NYSE:VMC opened at $244.40 on Thursday. The stock has a 50 day moving average of $248.41 and a two-hundred day moving average of $255.75. Vulcan Materials has a 12 month low of $190.51 and a 12 month high of $278.79. The firm has a market cap of $32.32 billion, a P/E ratio of 35.68, a price-to-earnings-growth ratio of 2.25 and a beta of 0.82. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 EPS for the quarter, missing the consensus estimate of $2.47 by ($0.12). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the firm posted $2.29 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts expect that Vulcan Materials will post 7.73 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, August 15th. Vulcan Materials’s payout ratio is 26.86%.

Wall Street Analysts Forecast Growth

VMC has been the topic of several recent research reports. Citigroup lowered their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Stephens lowered their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada cut their price objective on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Loop Capital lowered their target price on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Finally, Truist Financial cut their price target on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $274.73.

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.