Vulcan Materials (NYSE:VMC) Stock Position Boosted by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in Vulcan Materials (NYSE:VMC) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,416 shares of the construction company’s stock after acquiring an additional 65 shares during the quarter. State of Alaska Department of Revenue’s holdings in Vulcan Materials were worth $3,934,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of VMC. Glenmede Trust Co. NA lifted its holdings in Vulcan Materials by 1.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,026 shares of the construction company’s stock valued at $1,419,000 after acquiring an additional 73 shares during the last quarter. Alps Advisors Inc. acquired a new stake in Vulcan Materials in the 3rd quarter valued at about $315,000. JPMorgan Chase & Co. lifted its holdings in Vulcan Materials by 47.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,484 shares of the construction company’s stock valued at $909,794,000 after acquiring an additional 1,447,700 shares during the last quarter. Royal London Asset Management Ltd. lifted its holdings in Vulcan Materials by 3.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 44,539 shares of the construction company’s stock valued at $8,993,000 after acquiring an additional 1,359 shares during the last quarter. Finally, Baker Avenue Asset Management LP lifted its holdings in Vulcan Materials by 2.6% in the 3rd quarter. Baker Avenue Asset Management LP now owns 8,331 shares of the construction company’s stock valued at $1,683,000 after acquiring an additional 211 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vulcan Materials

In related news, President Thompson S. Baker II sold 6,610 shares of the firm’s stock in a transaction that occurred on 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 transaction, the president now 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 available through this hyperlink. In related news, President Thompson S. Baker II sold 6,610 shares of the firm’s stock in a transaction that occurred on 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 transaction, the president now 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 available through this hyperlink. Also, President Thompson S. Baker II sold 8,600 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $354,835. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,210 shares of company stock valued at $4,653,520. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VMC shares. Royal Bank of Canada upped their price target on shares of Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Jefferies Financial Group raised 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. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $270.00 target price (up from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Loop Capital decreased their target price on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Stephens raised their target price on shares of Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus target price of $279.00.

Vulcan Materials Stock Performance

VMC stock opened at $243.92 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 2.74. The stock has a market cap of $32.26 billion, a P/E ratio of 35.61, a P/E/G ratio of 1.82 and a beta of 0.82. The firm has a 50 day simple moving average of $256.07 and a 200 day simple moving average of $250.24. Vulcan Materials has a 52 week low of $190.51 and a 52 week high of $276.58.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.11). The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 earnings per share. Research analysts anticipate that Vulcan Materials will post 8.51 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.75%. The ex-dividend date was Thursday, May 23rd. Vulcan Materials’s payout ratio is presently 26.86%.

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.