Vulcan Materials (NYSE:VMC) Shares Bought by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund raised its stake in Vulcan Materials (NYSE:VMC) by 17.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,603 shares of the construction company’s stock after acquiring an additional 693 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Vulcan Materials were worth $1,184,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VMC. Ashton Thomas Securities LLC purchased a new stake in shares of Vulcan Materials in the third quarter valued at approximately $30,000. Concord Wealth Partners purchased a new stake in shares of Vulcan Materials in the third quarter valued at approximately $35,000. Washington Trust Advisors Inc. increased its position in shares of Vulcan Materials by 240.4% in the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after buying an additional 113 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Vulcan Materials in the third quarter valued at approximately $42,000. Finally, UMB Bank n.a. increased its position 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 in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on VMC. Stephens restated an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. Barclays boosted their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Truist Financial boosted their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup dropped their price target on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.18.

Vulcan Materials Stock Up 0.7 %

Shares of NYSE:VMC opened at $272.34 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average of $267.43 and a two-hundred day moving average of $261.39. The stock has a market cap of $35.96 billion, a P/E ratio of 42.96, a PEG ratio of 2.09 and a beta of 0.84. Vulcan Materials has a 52-week low of $225.36 and a 52-week high of $298.31.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.41. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. During the same period in the previous year, the company posted $1.46 earnings per share. On average, research analysts expect that Vulcan Materials will post 7.16 earnings per share for the current year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio is 29.02%.

Vulcan Materials 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.