Teachers Retirement System of The State of Kentucky Has $2.59 Million Position in Vulcan Materials (NYSE:VMC)

Teachers Retirement System of The State of Kentucky lowered its stake in shares of Vulcan Materials (NYSE:VMC) by 4.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,417 shares of the construction company’s stock after selling 541 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Vulcan Materials were worth $2,592,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Independent Advisor Alliance grew its position in Vulcan Materials by 1.2% during the fourth quarter. Independent Advisor Alliance now owns 6,411 shares of the construction company’s stock worth $1,455,000 after buying an additional 73 shares in the last quarter. Strs Ohio grew its position in 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 in the last quarter. Nordea Investment Management AB grew its position in Vulcan Materials by 50.6% during the fourth quarter. Nordea Investment Management AB now owns 32,713 shares of the construction company’s stock worth $7,384,000 after buying an additional 10,991 shares in the last quarter. California State Teachers Retirement System grew its position in Vulcan Materials by 4.2% during the fourth quarter. California State Teachers Retirement System now owns 229,757 shares of the construction company’s stock worth $52,157,000 after buying an additional 9,193 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in Vulcan Materials by 53.6% during the fourth quarter. Federated Hermes Inc. now owns 81,319 shares of the construction company’s stock worth $18,460,000 after buying an additional 28,369 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

VMC has been the subject of several recent analyst reports. Truist Financial upped their target price on Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Wolfe Research cut Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Royal Bank of Canada upped their target price on Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $270.00 target price (up from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Finally, Citigroup upped their target price on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.08.

Vulcan Materials Stock Down 0.3 %

VMC opened at $255.61 on Thursday. The company has a fifty day moving average price of $258.48 and a 200-day moving average price of $248.27. The firm has a market capitalization of $33.80 billion, a P/E ratio of 37.32, a price-to-earnings-growth ratio of 1.91 and a beta of 0.84. 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 has a one year low of $190.51 and a one year high of $276.58.

Vulcan Materials (NYSE:VMC) last announced 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). Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm posted $0.95 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis. Equities research analysts expect that Vulcan Materials will post 8.55 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, May 23rd. Vulcan Materials’s dividend payout ratio is presently 26.86%.

Insiders Place Their Bets

In other Vulcan Materials news, President Thompson S. Baker II sold 6,610 shares of the business’s stock in a transaction on Monday, May 13th. The shares were 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 $1,304,309.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, President Thompson S. Baker II sold 6,610 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the completion of the transaction, the president now directly owns 4,784 shares of the company’s stock, valued at $1,304,309.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Thompson S. Baker II sold 8,600 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $272.95, for a total transaction of $2,347,370.00. Following the transaction, the president now directly owns 1,300 shares of the company’s stock, valued at $354,835. The disclosure for this sale can be found here. Insiders sold 17,210 shares of company stock valued at $4,653,520 over the last three months. Insiders own 0.61% of the company’s stock.

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.