Teachers Retirement System of The State of Kentucky Has $6.75 Million Holdings in Vulcan Materials (NYSE:VMC)


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Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Vulcan Materials (NYSE:VMC) by 1.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 45,530 shares of the construction company’s stock after selling 750 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Vulcan Materials were worth $6,753,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in Vulcan Materials by 16.0% in the fourth quarter. BlackRock Inc. now owns 9,604,008 shares of the construction company’s stock valued at $1,424,373,000 after buying an additional 1,326,921 shares during the period. Principal Financial Group Inc. lifted its holdings in Vulcan Materials by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 4,921,759 shares of the construction company’s stock valued at $729,946,000 after buying an additional 107,940 shares during the period. DF Dent & Co. Inc. lifted its holdings in Vulcan Materials by 4.1% in the fourth quarter. DF Dent & Co. Inc. now owns 1,634,344 shares of the construction company’s stock valued at $242,390,000 after buying an additional 64,999 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Vulcan Materials by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,328,546 shares of the construction company’s stock valued at $197,021,000 after buying an additional 20,953 shares during the period. Finally, Norges Bank acquired a new position in Vulcan Materials in the fourth quarter valued at $172,711,000. Institutional investors own 89.82% of the company’s stock.

In other Vulcan Materials news, VP Randy L. Pigg sold 216 shares of the company’s stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $169.73, for a total value of $36,661.68. Following the completion of the sale, the vice president now directly owns 2,034 shares of the company’s stock, valued at approximately $345,230.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

VMC has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of Vulcan Materials from $161.00 to $167.00 and gave the company an “equal weight” rating in a report on Monday, March 1st. Raymond James began coverage on shares of Vulcan Materials in a report on Wednesday, February 3rd. They issued a “market perform” rating on the stock. Stephens upgraded shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating in a report on Wednesday, January 6th. JPMorgan Chase & Co. upped their price objective on shares of Vulcan Materials from $165.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, January 22nd. Finally, DA Davidson upped their price objective on shares of Vulcan Materials from $120.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, February 17th. Fifteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $146.85.

Shares of VMC stock opened at $168.91 on Thursday. Vulcan Materials has a 52-week low of $88.60 and a 52-week high of $176.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.12. The company has a 50-day simple moving average of $167.49 and a two-hundred day simple moving average of $151.43. The company has a market capitalization of $22.41 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 2.86 and a beta of 0.60.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Monday, February 15th. The construction company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.08. Vulcan Materials had a net margin of 12.55% and a return on equity of 10.97%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm posted $1.08 EPS. On average, sell-side analysts forecast that Vulcan Materials will post 4.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 1st were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.88%. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, February 26th. Vulcan Materials’s dividend payout ratio is presently 31.49%.

Vulcan Materials Profile

Vulcan Materials Company produces and supplies construction materials primarily in the United States. The company operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment 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.

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

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