Vulcan Materials (NYSE:VMC) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its stake in shares of Vulcan Materials (NYSE:VMC) by 15.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,807 shares of the construction company’s stock after selling 2,005 shares during the quarter. Intech Investment Management LLC’s holdings in Vulcan Materials were worth $2,706,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in VMC. Principal Financial Group Inc. grew its stake in Vulcan Materials by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after buying an additional 884,580 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Vulcan Materials by 18.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after acquiring an additional 330,433 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Vulcan Materials by 7.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,369,530 shares of the construction company’s stock worth $342,971,000 after acquiring an additional 91,318 shares during the period. Dimensional Fund Advisors LP lifted its position in Vulcan Materials by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company’s stock valued at $331,404,000 after purchasing an additional 43,294 shares during the last quarter. Finally, XN LP boosted its stake in Vulcan Materials by 21.6% during the 2nd quarter. XN LP now owns 519,647 shares of the construction company’s stock valued at $129,226,000 after purchasing an additional 92,388 shares during the period. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VMC shares. Stephens cut their price target on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. cut their target price on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Citigroup reduced their price target on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Royal Bank of Canada lowered their price target on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.46.

Vulcan Materials Stock Up 1.2 %

VMC stock opened at $284.61 on Friday. The firm has a market cap of $37.59 billion, a PE ratio of 44.89, a P/E/G ratio of 2.72 and a beta of 0.81. Vulcan Materials has a 12 month low of $209.60 and a 12 month high of $298.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The firm has a 50 day simple moving average of $261.25 and a 200 day simple moving average of $254.63.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. Vulcan Materials’s revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the company posted $2.29 EPS. Equities research analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.65%. Vulcan Materials’s dividend payout ratio (DPR) is 29.02%.

Vulcan Materials Company Profile

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.