Teachers Retirement System of The State of Kentucky Sells 723 Shares of Vulcan Materials (NYSE:VMC)

Teachers Retirement System of The State of Kentucky lessened its stake in shares of Vulcan Materials (NYSE:VMC) by 6.8% in the third quarter, HoldingsChannel.com reports. The firm owned 9,838 shares of the construction company’s stock after selling 723 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Vulcan Materials were worth $2,464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. United Asset Strategies Inc. raised its holdings in Vulcan Materials by 1.1% during the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock valued at $938,000 after buying an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Vulcan Materials by 2.3% in the third quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock valued at $498,000 after acquiring an additional 44 shares during the period. Marcum Wealth LLC raised its stake in shares of Vulcan Materials by 5.7% during the third quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock valued at $214,000 after acquiring an additional 46 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after acquiring an additional 47 shares during the last quarter. Finally, Golden State Equity Partners boosted its holdings in shares of Vulcan Materials by 4.5% during the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock worth $275,000 after purchasing an additional 47 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Down 0.8 %

Shares of Vulcan Materials stock opened at $275.77 on Monday. Vulcan Materials has a 1 year low of $218.37 and a 1 year high of $298.31. The firm has a market cap of $36.42 billion, a price-to-earnings ratio of 43.50, a PEG ratio of 2.67 and a beta of 0.81. The company has a 50-day moving average of $272.31 and a 200 day moving average of $256.85. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the business posted $2.29 EPS. Vulcan Materials’s revenue for the quarter was down 8.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Monday, November 4th. Vulcan Materials’s payout ratio is 29.02%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VMC. Barclays boosted their price target on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their target price on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Truist Financial raised their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, UBS Group began coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $283.92.

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.