Intech Investment Management LLC Has $2.53 Million Stake in Vulcan Materials (NYSE:VMC)

Intech Investment Management LLC trimmed its holdings in Vulcan Materials (NYSE:VMC) by 76.0% in the first quarter, Holdings Channel reports. The fund owned 9,273 shares of the construction company’s stock after selling 29,368 shares during the period. Intech Investment Management LLC’s holdings in Vulcan Materials were worth $2,531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VMC. Register Financial Advisors LLC acquired a new position in Vulcan Materials in the first quarter valued at about $27,000. Exchange Traded Concepts LLC bought a new position in shares of Vulcan Materials during the fourth quarter worth about $28,000. Opal Wealth Advisors LLC bought a new position in shares of Vulcan Materials during the first quarter worth about $33,000. YHB Investment Advisors Inc. bought a new position in shares of Vulcan Materials during the first quarter worth about $34,000. Finally, Concord Wealth Partners bought a new position in shares of Vulcan Materials during the first quarter worth about $34,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, President Thompson S. Baker II sold 6,610 shares of Vulcan Materials stock in a transaction on Monday, May 13th. The stock was sold at an average price of $272.64, for a total value of $1,802,150.40. Following the completion of the transaction, the president now directly owns 4,784 shares of the company’s stock, valued at approximately $1,304,309.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, President Thompson S. Baker II sold 8,600 shares of Vulcan Materials stock in a transaction on Friday, May 10th. The stock was sold at an average price of $272.95, for a total value of $2,347,370.00. Following the transaction, the president now owns 1,300 shares in the company, valued at approximately $354,835. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Thompson S. Baker II sold 6,610 shares of Vulcan Materials stock in a transaction on Monday, May 13th. The shares were sold at an average price of $272.64, for a total value of $1,802,150.40. Following the completion of the transaction, the president now owns 4,784 shares in the company, valued at approximately $1,304,309.76. The disclosure for this sale can be found here. Insiders sold 17,210 shares of company stock valued at $4,653,520 in the last three months. Corporate insiders own 0.62% of the company’s stock.

Vulcan Materials Stock Performance

Shares of VMC traded up $0.05 during mid-day trading on Friday, reaching $256.14. The company’s stock had a trading volume of 599,755 shares, compared to its average volume of 719,459. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $276.58. The stock has a market cap of $33.87 billion, a P/E ratio of 37.39, a PEG ratio of 1.95 and a beta of 0.82. The business has a 50-day simple moving average of $252.84 and a two-hundred day simple moving average of $252.45. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results 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). The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 earnings per share. As a group, equities research analysts anticipate that Vulcan Materials will post 8.32 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.84 annualized dividend and a yield of 0.72%. Vulcan Materials’s dividend payout ratio is presently 26.86%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VMC shares. Jefferies Financial Group increased their price objective on Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Truist Financial increased their price objective on Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Stephens increased 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 increased 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. Finally, Loop Capital decreased their price target on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus price target of $277.08.

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.