Mitsubishi UFJ Trust & Banking Corp Has $21.63 Million Stake in Vulcan Materials (NYSE:VMC)

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in Vulcan Materials (NYSE:VMC) by 5.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,275 shares of the construction company’s stock after selling 4,903 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Vulcan Materials worth $21,634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Vulcan Materials by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 15,249,701 shares of the construction company’s stock valued at $3,461,835,000 after buying an additional 105,230 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Vulcan Materials by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 4,494,455 shares of the construction company’s stock valued at $1,226,627,000 after buying an additional 83,601 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Vulcan Materials by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,256,372 shares of the construction company’s stock valued at $285,200,000 after buying an additional 83,337 shares during the last quarter. Norges Bank acquired a new stake in Vulcan Materials in the 4th quarter valued at approximately $282,528,000. Finally, Point72 Asset Management L.P. grew its holdings in Vulcan Materials by 271.0% in the 4th quarter. Point72 Asset Management L.P. now owns 823,141 shares of the construction company’s stock valued at $186,861,000 after buying an additional 601,268 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Loop Capital lowered their target price on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Citigroup reduced their price objective on Vulcan Materials from $322.00 to $297.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Jefferies Financial Group raised their price objective on Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Truist Financial raised their price objective on Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Finally, Stephens raised their price objective on Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $277.08.

Insider Activity at Vulcan Materials

In related news, President Thompson S. Baker II sold 6,610 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the completion of the sale, the president now directly owns 4,784 shares of the company’s stock, valued at approximately $1,304,309.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other 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 sale, the president now directly owns 4,784 shares of the company’s stock, valued at approximately $1,304,309.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David P. Clement sold 1,000 shares of Vulcan Materials stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $254.50, for a total value of $254,500.00. Following the completion of the sale, the senior vice president now directly owns 2,660 shares of the company’s stock, valued at $676,970. 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 Price Performance

Shares of Vulcan Materials stock traded up $0.05 during midday trading on Friday, hitting $256.14. 599,755 shares of the company were exchanged, compared to its average volume of 719,459. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81. The firm 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. Vulcan Materials has a 52 week low of $190.51 and a 52 week high of $276.58. The firm has a 50 day simple moving average of $252.84 and a 200-day simple moving average of $252.45.

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 analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business earned $0.95 earnings per share. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. Research analysts forecast that Vulcan Materials will post 8.32 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 15th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.72%. Vulcan Materials’s dividend payout ratio is 26.86%.

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.