State of Tennessee Treasury Department Has $3.63 Million Stake in Vulcan Materials (VMC)

State of Tennessee Treasury Department cut its stake in Vulcan Materials (NYSE:VMC) by 46.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,811 shares of the construction company’s stock after selling 27,408 shares during the quarter. State of Tennessee Treasury Department’s holdings in Vulcan Materials were worth $3,632,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. New Mexico Educational Retirement Board grew its stake in Vulcan Materials by 3.2% during the 4th quarter. New Mexico Educational Retirement Board now owns 12,719 shares of the construction company’s stock worth $1,633,000 after buying an additional 400 shares during the last quarter. MML Investors Services LLC grew its stake in Vulcan Materials by 11.6% during the 4th quarter. MML Investors Services LLC now owns 3,933 shares of the construction company’s stock worth $505,000 after buying an additional 408 shares during the last quarter. IFM Investors Pty Ltd grew its stake in Vulcan Materials by 11.0% during the 1st quarter. IFM Investors Pty Ltd now owns 4,414 shares of the construction company’s stock worth $504,000 after buying an additional 439 shares during the last quarter. Schroder Investment Management Group grew its stake in Vulcan Materials by 25.1% during the 1st quarter. Schroder Investment Management Group now owns 2,489 shares of the construction company’s stock worth $284,000 after buying an additional 500 shares during the last quarter. Finally, Tiverton Asset Management LLC grew its stake in Vulcan Materials by 41.9% during the 1st quarter. Tiverton Asset Management LLC now owns 2,008 shares of the construction company’s stock worth $229,000 after buying an additional 593 shares during the last quarter. Institutional investors and hedge funds own 94.66% of the company’s stock.

In other Vulcan Materials news, insider David P. Clement sold 1,828 shares of Vulcan Materials stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $124.00, for a total transaction of $226,672.00. Following the completion of the sale, the insider now owns 5,340 shares of the company’s stock, valued at approximately $662,160. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John R. Mcpherson sold 21,618 shares of Vulcan Materials stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $130.37, for a total value of $2,818,338.66. Following the sale, the vice president now directly owns 102,610 shares of the company’s stock, valued at approximately $13,377,265.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,001 shares of company stock valued at $6,278,803. 0.81% of the stock is currently owned by insiders.



Shares of VMC opened at $130.26 on Tuesday. Vulcan Materials has a one year low of $108.17 and a one year high of $141.20. The company has a quick ratio of 1.05, a current ratio of 1.73 and a debt-to-equity ratio of 0.56. The stock has a market cap of $17.19 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 1.39 and a beta of 1.01.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Thursday, May 3rd. The construction company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.22. Vulcan Materials had a return on equity of 8.76% and a net margin of 15.40%. The company had revenue of $854.00 million during the quarter, compared to analysts’ expectations of $817.85 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. equities research analysts expect that Vulcan Materials will post 4.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Thursday, May 24th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, May 23rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.86%. Vulcan Materials’s dividend payout ratio is currently 36.84%.

Several research analysts recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and set a $129.00 target price on shares of Vulcan Materials in a research note on Monday, April 23rd. Citigroup set a $150.00 target price on Vulcan Materials and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Stephens set a $137.00 target price on Vulcan Materials and gave the stock a “buy” rating in a research note on Friday, April 13th. Zacks Investment Research upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Monday, May 7th. Finally, Bank of America upgraded Vulcan Materials from a “neutral” rating to a “buy” rating and set a $134.00 target price on the stock in a research note on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Vulcan Materials has a consensus rating of “Hold” and a consensus price target of $141.13.

About Vulcan Materials

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.

Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply