Azzad Asset Management Inc. ADV Sells 104 Shares of Vulcan Materials (NYSE:VMC)

Azzad Asset Management Inc. ADV lessened its stake in shares of Vulcan Materials (NYSE:VMC) by 2.2% in the first quarter, Holdings Channel reports. The institutional investor owned 4,578 shares of the construction company’s stock after selling 104 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Vulcan Materials were worth $1,249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Independent Advisor Alliance increased its holdings in shares of Vulcan Materials by 1.2% in the 4th quarter. Independent Advisor Alliance now owns 6,411 shares of the construction company’s stock worth $1,455,000 after purchasing an additional 73 shares in the last quarter. Strs Ohio increased its holdings in shares of Vulcan Materials by 6.3% in the 4th quarter. Strs Ohio now owns 74,103 shares of the construction company’s stock worth $16,822,000 after purchasing an additional 4,412 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Vulcan Materials by 50.6% in the 4th quarter. Nordea Investment Management AB now owns 32,713 shares of the construction company’s stock worth $7,384,000 after purchasing an additional 10,991 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Vulcan Materials by 4.2% in the 4th quarter. California State Teachers Retirement System now owns 229,757 shares of the construction company’s stock worth $52,157,000 after purchasing an additional 9,193 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Vulcan Materials by 53.6% in the fourth quarter. Federated Hermes Inc. now owns 81,319 shares of the construction company’s stock worth $18,460,000 after acquiring an additional 28,369 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of NYSE:VMC traded down $1.55 during mid-day trading on Wednesday, reaching $243.52. The stock had a trading volume of 134,746 shares, compared to its average volume of 769,299. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. The company has a market cap of $32.21 billion, a P/E ratio of 35.55, a price-to-earnings-growth ratio of 1.86 and a beta of 0.82. Vulcan Materials has a 1 year low of $190.51 and a 1 year high of $276.58. The business’s 50 day moving average price is $256.32 and its 200 day moving average price is $250.28.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.11). Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. The company’s revenue was down 6.2% compared to the same quarter last year. Research analysts expect that Vulcan Materials will post 8.51 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.84 annualized dividend and a yield of 0.76%. Vulcan Materials’s payout ratio is currently 26.86%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VMC. Citigroup lifted their price objective on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Stephens lifted their price objective on Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Royal Bank of Canada lifted their price objective on Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $270.00 price objective (up previously from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Finally, Jefferies Financial Group lifted their target price on Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and an average price target of $277.08.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $254.50, for a total transaction of $254,500.00. Following the sale, the senior vice president now directly owns 2,660 shares of the company’s stock, valued at $676,970. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Thompson S. Baker II sold 6,610 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the transaction, the president now owns 4,784 shares of the company’s stock, valued at $1,304,309.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David P. Clement sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $254.50, for a total value of $254,500.00. Following the transaction, the senior vice president now directly owns 2,660 shares in the company, valued at approximately $676,970. The disclosure for this sale can be found here. Insiders have sold 17,210 shares of company stock valued at $4,653,520 over the last ninety days. 0.61% of the stock is owned by insiders.

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.