Vulcan Materials Company $VMC Shares Sold by Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna cut its position in shares of Vulcan Materials Company (NYSE:VMC) by 34.1% during the 4th quarter, Holdings Channel reports. The firm owned 5,805 shares of the construction company’s stock after selling 3,000 shares during the period. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings in Vulcan Materials were worth $1,656,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Vulcan Materials by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock valued at $5,293,274,000 after purchasing an additional 311,539 shares during the period. JPMorgan Chase & Co. increased its position in shares of Vulcan Materials by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,924,285 shares of the construction company’s stock valued at $2,437,669,000 after purchasing an additional 99,298 shares during the period. Geode Capital Management LLC increased its position in shares of Vulcan Materials by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 3,576,172 shares of the construction company’s stock valued at $1,016,168,000 after purchasing an additional 32,012 shares during the period. Bank of America Corp DE increased its position in shares of Vulcan Materials by 0.4% during the 3rd quarter. Bank of America Corp DE now owns 2,318,474 shares of the construction company’s stock valued at $713,209,000 after purchasing an additional 9,030 shares during the period. Finally, Lone Pine Capital LLC acquired a new position in shares of Vulcan Materials during the 3rd quarter valued at $425,938,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VMC shares. DA Davidson reduced their price objective on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Citigroup reduced their price objective on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Truist Financial raised their price objective on Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Royal Bank Of Canada raised their price objective on Vulcan Materials from $296.00 to $298.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a research note on Wednesday, March 4th. Seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Vulcan Materials presently has an average rating of “Hold” and a consensus price target of $326.92.

Vulcan Materials Stock Performance

VMC opened at $281.49 on Friday. The firm has a market cap of $36.53 billion, a PE ratio of 33.47, a P/E/G ratio of 2.03 and a beta of 1.05. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $281.77 and a 200-day simple moving average of $290.24. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09.

Vulcan Materials (NYSE:VMC) last issued its earnings results 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 business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.Vulcan Materials’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share. As a group, equities analysts predict that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 22nd. Vulcan Materials’s dividend payout ratio (DPR) is 24.73%.

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.