Vulcan Materials (NYSE:VMC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in Vulcan Materials (NYSE:VMC) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,608 shares of the construction company’s stock after selling 4,363 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Vulcan Materials worth $26,394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Vulcan Materials in the 3rd quarter worth approximately $30,000. Concord Wealth Partners bought a new position in Vulcan Materials during the 3rd quarter valued at $35,000. Washington Trust Advisors Inc. increased its position in shares of Vulcan Materials by 240.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after purchasing an additional 113 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Vulcan Materials in the 3rd quarter worth $42,000. Finally, UMB Bank n.a. lifted its holdings in shares of Vulcan Materials by 138.5% in the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock valued at $48,000 after buying an additional 108 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Up 0.5 %

NYSE:VMC opened at $270.58 on Friday. The stock has a market cap of $35.73 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84. Vulcan Materials has a fifty-two week low of $225.36 and a fifty-two week high of $298.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The stock’s 50-day moving average is $267.64 and its two-hundred day moving average is $261.55.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.49 per share. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a yield of 0.72%. Vulcan Materials’s payout ratio is presently 29.02%.

Analysts Set New Price Targets

Several equities research analysts have commented on VMC shares. Citigroup dropped their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Raymond James cut their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Truist Financial raised their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $301.18.

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.