Vulcan Materials Company $VMC Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its position in Vulcan Materials Company (NYSE:VMC) by 37.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,106 shares of the construction company’s stock after selling 1,841 shares during the quarter. Intech Investment Management LLC’s holdings in Vulcan Materials were worth $810,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Cetera Investment Advisers increased its stake in shares of Vulcan Materials by 10.1% during the second quarter. Cetera Investment Advisers now owns 14,622 shares of the construction company’s stock worth $3,814,000 after buying an additional 1,338 shares during the period. Creative Planning grew its holdings in Vulcan Materials by 43.8% during the 2nd quarter. Creative Planning now owns 26,180 shares of the construction company’s stock worth $6,828,000 after acquiring an additional 7,980 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Vulcan Materials by 7.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,399 shares of the construction company’s stock valued at $8,450,000 after purchasing an additional 2,198 shares during the last quarter. Empower Advisory Group LLC raised its holdings in shares of Vulcan Materials by 303.3% in the 2nd quarter. Empower Advisory Group LLC now owns 162,563 shares of the construction company’s stock valued at $42,400,000 after purchasing an additional 122,250 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Vulcan Materials by 10.2% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 43,635 shares of the construction company’s stock worth $11,370,000 after purchasing an additional 4,050 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on VMC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Vulcan Materials in a report on Thursday, October 30th. Royal Bank Of Canada dropped their price target on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Wells Fargo & Company upgraded shares of Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Finally, Citigroup cut their price target on shares of Vulcan Materials from $356.00 to $342.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and a consensus price target of $317.58.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $294.97 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The stock has a fifty day moving average price of $294.72 and a 200 day moving average price of $281.93. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $311.74. The company has a market cap of $38.97 billion, a PE ratio of 41.20, a P/E/G ratio of 2.39 and a beta of 0.95.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the business posted $2.22 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. Sell-side analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th were issued a dividend of $0.49 per share. The ex-dividend date was Monday, November 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is 23.28%.

Insiders Place Their Bets

In other Vulcan Materials news, President Thompson S. Baker II sold 4,853 shares of Vulcan Materials stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $295.63, for a total value of $1,434,692.39. Following the completion of the sale, the president owned 41,485 shares in the company, valued at $12,264,210.55. The trade was a 10.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total transaction of $577,100.00. Following the completion of the sale, the senior vice president owned 832 shares of the company’s stock, valued at approximately $240,073.60. The trade was a 70.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 13,369 shares of company stock valued at $3,920,556. Company insiders own 0.62% of the company’s stock.

About Vulcan Materials

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.