Vulcan Materials Company $VMC Stock Position Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Vulcan Materials Company (NYSE:VMC) by 4.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 281,688 shares of the construction company’s stock after selling 13,029 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Vulcan Materials were worth $76,704,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in VMC. Chesapeake Capital Corp IL increased its holdings in Vulcan Materials by 0.9% in the fourth quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock worth $1,059,000 after buying an additional 33 shares during the last quarter. Composition Wealth LLC raised its position in Vulcan Materials by 3.5% during the fourth quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock valued at $289,000 after acquiring an additional 34 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in Vulcan Materials by 5.5% in the fourth quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock valued at $206,000 after acquiring an additional 38 shares during the last quarter. Truist Financial Corp lifted its stake in Vulcan Materials by 0.3% in the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock valued at $3,802,000 after acquiring an additional 38 shares during the last quarter. Finally, United Capital Financial Advisors LLC grew its position in Vulcan Materials by 1.2% in the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock worth $952,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the sale, the senior vice president directly owned 8,716 shares in the company, valued at $2,547,599.64. This represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Stephens increased their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Morgan Stanley reduced their price objective on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Vulcan Materials in a research report on Tuesday. Finally, Wells Fargo & Company cut their target price on Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating on the stock in a report on Wednesday. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $327.79.

Vulcan Materials Stock Performance

Vulcan Materials stock traded up $6.77 during trading hours on Friday, reaching $295.50. 1,492,960 shares of the company were exchanged, compared to its average volume of 1,127,913. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average of $286.70 and a 200 day moving average of $291.03. The firm has a market cap of $38.34 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 2.13 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the firm posted $1.00 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, research analysts anticipate that Vulcan Materials Company will post 9.27 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s payout ratio is currently 24.73%.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.