Vulcan Materials (NYSE:VMC) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its stake in shares of Vulcan Materials (NYSE:VMC) by 36.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,402 shares of the construction company’s stock after selling 16,551 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Vulcan Materials were worth $6,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new position in Vulcan Materials in the 4th quarter valued at $28,000. GAMMA Investing LLC acquired a new position in Vulcan Materials during the 4th quarter worth approximately $61,000. CVA Family Office LLC purchased a new position in shares of Vulcan Materials during the 4th quarter worth approximately $62,000. Covestor Ltd lifted its holdings in shares of Vulcan Materials by 273.4% in the 3rd quarter. Covestor Ltd now owns 295 shares of the construction company’s stock valued at $60,000 after buying an additional 216 shares during the period. Finally, MCF Advisors LLC grew its holdings in Vulcan Materials by 22.4% during the fourth quarter. MCF Advisors LLC now owns 295 shares of the construction company’s stock worth $67,000 after acquiring an additional 54 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on VMC. The Goldman Sachs Group boosted their target price on shares of Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Truist Financial increased their target price on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Citigroup boosted their price target on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Raymond James lifted their price objective on Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $270.00 target price (up previously from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $277.08.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $264.44 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 2.39. The company has a market cap of $34.98 billion, a PE ratio of 38.60, a price-to-earnings-growth ratio of 1.98 and a beta of 0.83. The company has a 50-day simple moving average of $265.53 and a 200-day simple moving average of $236.46. Vulcan Materials has a 12 month low of $187.20 and a 12 month high of $276.58.

Vulcan Materials (NYSE:VMC) last issued 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). Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $0.95 earnings per share. The company’s revenue was down 6.2% on a year-over-year basis. On average, equities analysts anticipate that Vulcan Materials will post 8.5 earnings per share for the current year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were issued a $0.46 dividend. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, March 1st. This represents a $1.84 annualized dividend and a yield of 0.70%. Vulcan Materials’s payout ratio is 26.86%.

Insider Activity

In related news, VP Randy L. Pigg sold 307 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total value of $78,367.89. Following the completion of the sale, the vice president now directly owns 1,896 shares in the company, valued at $483,991.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP Randy L. Pigg sold 307 shares of Vulcan Materials stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total value of $78,367.89. Following the transaction, the vice president now directly owns 1,896 shares of the company’s stock, valued at approximately $483,991.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the sale, the senior vice president now directly owns 5,395 shares of the company’s stock, valued at approximately $1,453,844.60. The disclosure for this sale can be found here. Insiders sold a total of 13,017 shares of company stock valued at $3,344,741 in the last 90 days. 0.62% of the stock is currently 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.