Public Employees Retirement Association of Colorado Cuts Position in Vulcan Materials (NYSE:VMC)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of Vulcan Materials (NYSE:VMC) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,858 shares of the construction company’s stock after selling 344 shares during the period. Public Employees Retirement Association of Colorado owned about 0.10% of Vulcan Materials worth $31,547,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VMC. SouthState Corp boosted its position in Vulcan Materials by 669.2% during the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after buying an additional 87 shares during the period. Register Financial Advisors LLC bought a new position in shares of Vulcan Materials during the first quarter valued at about $27,000. Kings Path Partners LLC bought a new position in shares of Vulcan Materials during the second quarter valued at about $27,000. UMB Bank n.a. raised its stake in shares of Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after acquiring an additional 47 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of Vulcan Materials during the first quarter valued at about $33,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Trading Up 3.8 %

Shares of VMC stock opened at $253.79 on Friday. Vulcan Materials has a 12-month low of $190.51 and a 12-month high of $278.79. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $248.39 and its 200 day moving average is $255.74. The stock has a market capitalization of $33.56 billion, a P/E ratio of 37.05, a P/E/G ratio of 2.25 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last issued its 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). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the prior year, the business posted $2.29 EPS. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. Research analysts expect that Vulcan Materials will post 7.73 earnings per share for the current year.

Vulcan Materials Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Citigroup lowered their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Stephens lowered their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Loop Capital lowered their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Truist Financial lowered their price objective on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada decreased 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. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.