Zurcher Kantonalbank Zurich Cantonalbank Reduces Stock Position in Vulcan Materials Company $VMC

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in Vulcan Materials Company (NYSE:VMC) by 17.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,462 shares of the construction company’s stock after selling 6,040 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vulcan Materials were worth $8,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Westside Investment Management Inc. grew its position in shares of Vulcan Materials by 100.0% in the third quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. NBT Bank N A NY acquired a new position in shares of Vulcan Materials during the 4th quarter valued at about $26,000. Greykasell Wealth Strategies Inc. acquired a new position in shares of Vulcan Materials during the 3rd quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Vulcan Materials during the 3rd quarter valued at about $30,000. Finally, OFI Invest Asset Management acquired a new position in shares of Vulcan Materials during the 4th quarter valued at about $37,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Melissa H. Anderson sold 1,137 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $303.72, for a total transaction of $345,329.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on VMC shares. Truist Financial boosted their price target on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research report on Tuesday, January 27th. Wall Street Zen lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Morgan Stanley reduced their price target on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Finally, Citigroup lifted their price target on shares of Vulcan Materials from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $324.08.

Vulcan Materials Stock Performance

NYSE:VMC opened at $292.82 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.97 and a current ratio of 2.69. The stock has a market capitalization of $38.20 billion, a P/E ratio of 36.06, a PEG ratio of 2.18 and a beta of 1.10. The company has a 50 day moving average price of $286.16 and a 200 day moving average price of $293.29. Vulcan Materials Company has a fifty-two week low of $241.91 and a fifty-two week high of $331.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Vulcan Materials had a return on equity of 12.56% and a net margin of 13.56%.The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.17 EPS. Equities research analysts forecast that Vulcan Materials Company will post 9.17 EPS for the current year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were issued a dividend of $0.52 per share. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date was Monday, March 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is 25.62%.

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.