Elo Mutual Pension Insurance Co Trims Holdings in Vulcan Materials (NYSE:VMC)

Elo Mutual Pension Insurance Co decreased its stake in shares of Vulcan Materials (NYSE:VMC) by 4.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,555 shares of the construction company’s stock after selling 555 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Vulcan Materials were worth $2,873,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VMC. Gilbert & Cook Inc. boosted its position in shares of Vulcan Materials by 6.9% in the fourth quarter. Gilbert & Cook Inc. now owns 3,909 shares of the construction company’s stock valued at $887,000 after acquiring an additional 251 shares during the period. Avantax Advisory Services Inc. boosted its holdings in 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 purchasing an additional 498 shares during the period. Beacon Pointe Advisors LLC purchased a new position in shares of Vulcan Materials during the 4th quarter valued at $272,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Vulcan Materials in the fourth quarter worth $375,000. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Vulcan Materials by 11.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,842 shares of the construction company’s stock worth $872,000 after buying an additional 390 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $253.79 on Friday. The stock has a market capitalization of $33.56 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 2.25 and a beta of 0.82. The company has a fifty day moving average of $248.39 and a 200-day moving average of $255.74. Vulcan Materials has a 52-week low of $190.51 and a 52-week high of $278.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48.

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

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a $0.46 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.73%. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.86%.

Wall Street Analyst Weigh In

Several research firms recently commented on VMC. Citigroup reduced their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Truist Financial decreased their price objective on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research 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. Royal Bank of Canada cut their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Finally, Stephens decreased 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. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and an average price target of $274.73.

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.