836 Shares in Vulcan Materials (NYSE:VMC) Purchased by Brooklyn Investment Group

Brooklyn Investment Group purchased a new stake in shares of Vulcan Materials (NYSE:VMC) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 836 shares of the construction company’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VMC. Independent Advisor Alliance increased its position in Vulcan Materials by 1.2% in the fourth quarter. Independent Advisor Alliance now owns 6,411 shares of the construction company’s stock worth $1,455,000 after purchasing an additional 73 shares during the period. Strs Ohio raised its stake in shares of Vulcan Materials by 6.3% during the fourth quarter. Strs Ohio now owns 74,103 shares of the construction company’s stock worth $16,822,000 after buying an additional 4,412 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Vulcan Materials by 621.1% in the first quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock valued at $64,581,000 after buying an additional 203,166 shares during the period. California State Teachers Retirement System boosted its stake in Vulcan Materials by 4.2% in the fourth quarter. California State Teachers Retirement System now owns 229,757 shares of the construction company’s stock valued at $52,157,000 after acquiring an additional 9,193 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in Vulcan Materials by 53.6% during the 4th quarter. Federated Hermes Inc. now owns 81,319 shares of the construction company’s stock worth $18,460,000 after acquiring an additional 28,369 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VMC shares. Royal Bank of Canada increased their price target on Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. Citigroup lowered their price target on Vulcan Materials from $322.00 to $297.00 and set a “buy” rating for the company in a research note on Thursday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $270.00 price objective (up previously from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Truist Financial boosted their price objective 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. Finally, Jefferies Financial Group increased their target price on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $277.08.

Vulcan Materials Stock Performance

VMC stock traded down $2.18 during trading hours on Friday, reaching $252.51. The stock had a trading volume of 833,704 shares, compared to its average volume of 707,291. The stock has a market capitalization of $33.39 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82. The stock has a 50-day simple moving average of $254.06 and a 200 day simple moving average of $251.18. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $276.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.11). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.50 billion. Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the business posted $0.95 earnings per share. Analysts predict that Vulcan Materials will post 8.46 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.73%. Vulcan Materials’s dividend payout ratio is 26.86%.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 1,000 shares of the company’s 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 transaction, the senior vice president now directly owns 2,660 shares in the company, valued at $676,970. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $272.95, for a total value of $2,347,370.00. Following the transaction, the president now directly owns 1,300 shares of the company’s stock, valued at approximately $354,835. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David P. Clement sold 1,000 shares of Vulcan Materials stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $254.50, for a total transaction of $254,500.00. Following the completion of the sale, the senior vice president now 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 quarter. 0.62% of the stock is currently owned by insiders.

Vulcan Materials Company Profile

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.