Intech Investment Management LLC Purchases 22,965 Shares of Vulcan Materials (NYSE:VMC)

Intech Investment Management LLC boosted its position in shares of Vulcan Materials (NYSE:VMC) by 146.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,641 shares of the construction company’s stock after acquiring an additional 22,965 shares during the period. Intech Investment Management LLC’s holdings in Vulcan Materials were worth $8,772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Independent Advisor Alliance increased its stake in Vulcan Materials by 1.2% during the fourth quarter. Independent Advisor Alliance now owns 6,411 shares of the construction company’s stock valued at $1,455,000 after acquiring an additional 73 shares during the period. Strs Ohio grew its stake in shares of Vulcan Materials by 6.3% in the 4th quarter. Strs Ohio now owns 74,103 shares of the construction company’s stock valued at $16,822,000 after purchasing an additional 4,412 shares during the period. Nordea Investment Management AB grew its stake in shares of Vulcan Materials by 50.6% in the 4th quarter. Nordea Investment Management AB now owns 32,713 shares of the construction company’s stock valued at $7,384,000 after purchasing an additional 10,991 shares during the period. Federated Hermes Inc. grew its stake in shares of Vulcan Materials by 53.6% in the 4th quarter. Federated Hermes Inc. now owns 81,319 shares of the construction company’s stock valued at $18,460,000 after purchasing an additional 28,369 shares during the period. Finally, International Assets Investment Management LLC grew its stake in shares of Vulcan Materials by 17,706.3% in the 4th quarter. International Assets Investment Management LLC now owns 47,899 shares of the construction company’s stock valued at $10,874,000 after purchasing an additional 47,630 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Insider Transactions at Vulcan Materials

In other news, President Thompson S. Baker II sold 6,610 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $272.64, for a total value of $1,802,150.40. Following the transaction, the president now directly owns 4,784 shares in the company, valued at approximately $1,304,309.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Vulcan Materials news, SVP Denson N. Franklin III sold 3,200 shares of Vulcan Materials stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the transaction, the senior vice president now directly owns 5,395 shares in the company, valued at $1,453,844.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Thompson S. Baker II sold 6,610 shares of Vulcan Materials stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $272.64, for a total value of $1,802,150.40. Following the transaction, the president now owns 4,784 shares in the company, valued at $1,304,309.76. The disclosure for this sale can be found here. Insiders have sold 19,610 shares of company stock worth $5,324,432 in the last three months. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup upped their price objective on Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research note on Friday, April 5th. The Goldman Sachs Group increased their price target on Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Stephens increased their price target on Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $270.00 price target (up from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Finally, Truist Financial increased their price target on Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $277.08.

Vulcan Materials Trading Up 0.8 %

VMC traded up $2.04 during mid-day trading on Friday, reaching $259.25. The stock had a trading volume of 329,602 shares, compared to its average volume of 780,301. The stock has a market capitalization of $34.29 billion, a P/E ratio of 37.85, a P/E/G ratio of 1.93 and a beta of 0.83. 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 firm’s fifty day simple moving average is $264.98 and its two-hundred day simple moving average is $243.18. 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 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 the consensus estimate of $1.50 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, equities analysts predict that Vulcan Materials will post 8.54 EPS for the current year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be given a $0.46 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $1.84 annualized dividend and a dividend yield of 0.71%. Vulcan Materials’s dividend payout ratio is currently 26.86%.

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.