Vulcan Materials (VMC) Position Trimmed by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in Vulcan Materials (NYSE:VMC) by 0.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 184,331 shares of the construction company’s stock after selling 813 shares during the period. New York State Teachers Retirement System’s holdings in Vulcan Materials were worth $21,825,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Utah Retirement Systems raised its position in shares of Vulcan Materials by 0.4% during the 4th quarter. Utah Retirement Systems now owns 24,560 shares of the construction company’s stock valued at $2,426,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Vulcan Materials by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the construction company’s stock valued at $829,000 after buying an additional 100 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Vulcan Materials by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 5,776 shares of the construction company’s stock valued at $571,000 after buying an additional 101 shares in the last quarter. Round Table Services LLC raised its position in shares of Vulcan Materials by 3.8% during the 1st quarter. Round Table Services LLC now owns 2,811 shares of the construction company’s stock valued at $333,000 after buying an additional 102 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its position in shares of Vulcan Materials by 21.9% during the 4th quarter. Commonwealth Bank of Australia now owns 624 shares of the construction company’s stock valued at $58,000 after buying an additional 112 shares in the last quarter. 96.68% of the stock is owned by institutional investors.

Vulcan Materials stock opened at $129.95 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 1.64. Vulcan Materials has a 1-year low of $82.52 and a 1-year high of $133.59. The stock has a market capitalization of $17.17 billion, a P/E ratio of 32.09, a PEG ratio of 1.54 and a beta of 0.94.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.13. Vulcan Materials had a net margin of 11.63% and a return on equity of 10.60%. The company had revenue of $996.50 million for the quarter, compared to analyst estimates of $915.68 million. During the same period in the prior year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. Sell-side analysts expect that Vulcan Materials will post 4.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Thursday, May 23rd. Vulcan Materials’s dividend payout ratio (DPR) is currently 30.62%.

VMC has been the topic of several recent research reports. TheStreet upgraded shares of Vulcan Materials from a “c+” rating to a “b-” rating in a research report on Friday, February 1st. Berenberg Bank initiated coverage on shares of Vulcan Materials in a research report on Wednesday, April 3rd. They set a “hold” rating and a $115.00 target price on the stock. Goldman Sachs Group upgraded shares of Vulcan Materials from a “buy” rating to a “conviction-buy” rating in a research report on Wednesday, March 6th. Deutsche Bank upped their target price on shares of Vulcan Materials to $125.00 and gave the company a “buy” rating in a research report on Friday, February 15th. Finally, Jefferies Financial Group upped their target price on shares of Vulcan Materials to $133.00 and gave the company a “buy” rating in a research report on Friday, February 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Vulcan Materials presently has a consensus rating of “Buy” and a consensus price target of $124.15.

In related news, insider David P. Clement sold 2,789 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $114.28, for a total value of $318,726.92. Following the sale, the insider now directly owns 4,340 shares of the company’s stock, valued at approximately $495,975.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.79% of the company’s stock.

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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.

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

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