Police & Firemen s Retirement System of New Jersey Has $5.26 Million Stock Position in Vulcan Materials Company $VMC

Police & Firemen s Retirement System of New Jersey grew its holdings in Vulcan Materials Company (NYSE:VMC) by 4.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,160 shares of the construction company’s stock after acquiring an additional 837 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Vulcan Materials were worth $5,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Vulcan Materials in the 4th quarter worth $497,000. Stephens Inc. AR increased its stake in Vulcan Materials by 32.6% during the first quarter. Stephens Inc. AR now owns 4,557 shares of the construction company’s stock valued at $1,063,000 after acquiring an additional 1,120 shares during the period. CWM LLC lifted its position in shares of Vulcan Materials by 102.5% in the 1st quarter. CWM LLC now owns 10,036 shares of the construction company’s stock worth $2,341,000 after acquiring an additional 5,081 shares during the period. Apollon Wealth Management LLC increased its position in shares of Vulcan Materials by 10.7% during the first quarter. Apollon Wealth Management LLC now owns 1,283 shares of the construction company’s stock valued at $299,000 after purchasing an additional 124 shares during the period. Finally, Wealthfront Advisers LLC raised its stake in shares of Vulcan Materials by 11.2% in the first quarter. Wealthfront Advisers LLC now owns 11,211 shares of the construction company’s stock valued at $2,616,000 after purchasing an additional 1,126 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VMC shares. Barclays lifted their price target on shares of Vulcan Materials from $305.00 to $320.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Citigroup decreased their target price on shares of Vulcan Materials from $356.00 to $342.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Royal Bank Of Canada dropped their price target on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. DA Davidson lifted their price objective on Vulcan Materials from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Stifel Nicolaus set a $327.00 target price on Vulcan Materials in a report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $317.58.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $298.56, for a total transaction of $208,394.88. Following the transaction, the senior vice president owned 2,832 shares of the company’s stock, valued at $845,521.92. This represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Thompson S. Baker II sold 4,853 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $295.63, for a total value of $1,434,692.39. Following the sale, the president directly owned 41,485 shares of the company’s stock, valued at $12,264,210.55. This represents a 10.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,369 shares of company stock worth $3,343,456 over the last three months. 0.62% of the stock is owned by insiders.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $280.38 on Friday. The stock has a market capitalization of $37.05 billion, a price-to-earnings ratio of 39.16, a P/E/G ratio of 2.39 and a beta of 0.95. The firm’s 50-day moving average price is $296.02 and its two-hundred day moving average price is $280.56. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $311.74.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.12. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. Vulcan Materials’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.22 earnings per share. On average, equities analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is currently 23.28%.

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.