Ilmarinen Mutual Pension Insurance Co Has $5.59 Million Stock Position in Vulcan Materials Company $VMC

Ilmarinen Mutual Pension Insurance Co decreased its position in Vulcan Materials Company (NYSE:VMC) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,600 shares of the construction company’s stock after selling 1,900 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Vulcan Materials were worth $5,590,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of Vulcan Materials in the fourth quarter valued at $497,000. NewEdge Advisors LLC boosted its stake in shares of Vulcan Materials by 3.9% in the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock valued at $1,017,000 after purchasing an additional 163 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Vulcan Materials by 6.3% in the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock valued at $745,000 after purchasing an additional 190 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Vulcan Materials by 28.5% in the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock valued at $775,000 after purchasing an additional 736 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Vulcan Materials by 31.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock valued at $78,000 after acquiring an additional 80 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Performance

VMC opened at $277.44 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The company’s fifty day moving average price is $279.28 and its two-hundred day moving average price is $290.51. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The company has a market cap of $36.00 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 2.00 and a beta of 1.09.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 earnings per share. On average, analysts expect that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, May 22nd. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.73%.

Analyst Upgrades and Downgrades

VMC has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Stephens boosted their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Raymond James Financial set a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, April 30th. Wells Fargo & Company boosted their target price on shares of Vulcan Materials from $305.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Finally, Oppenheimer initiated coverage on shares of Vulcan Materials in a research report on Thursday. They set a “market perform” rating on the stock. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Vulcan Materials currently has an average rating of “Moderate Buy” and an average price target of $330.58.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.