Pacer Advisors Inc. Reduces Holdings in Vulcan Materials Company $VMC

Pacer Advisors Inc. trimmed its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 34.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,125 shares of the construction company’s stock after selling 3,705 shares during the quarter. Pacer Advisors Inc.’s holdings in Vulcan Materials were worth $1,940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Chesapeake Capital Corp IL raised its position in Vulcan Materials by 0.9% during the fourth quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock worth $1,059,000 after acquiring an additional 33 shares during the period. Composition Wealth LLC grew its position in shares of Vulcan Materials by 3.5% in the fourth quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock valued at $289,000 after purchasing an additional 34 shares during the period. United Capital Financial Advisors LLC increased its stake in shares of Vulcan Materials by 1.2% during the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock worth $952,000 after purchasing an additional 38 shares in the last quarter. Truist Financial Corp increased its stake in shares of Vulcan Materials by 0.3% during the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock worth $3,802,000 after purchasing an additional 38 shares in the last quarter. Finally, 4WEALTH Advisors Inc. raised its position in shares of Vulcan Materials by 3.2% during the 1st quarter. 4WEALTH Advisors Inc. now owns 1,261 shares of the construction company’s stock worth $337,000 after purchasing an additional 39 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Stock Performance

VMC opened at $284.59 on Friday. Vulcan Materials Company has a twelve month low of $252.35 and a twelve month high of $331.09. The firm has a market capitalization of $36.88 billion, a PE ratio of 33.60, a PEG ratio of 2.03 and a beta of 1.06. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $289.57 and its 200 day moving average price is $289.13.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the firm earned $2.42 EPS. Vulcan Materials’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts expect that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be issued 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 is Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is currently 24.56%.

Wall Street Analysts Forecast Growth

VMC has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on shares of Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Raymond James Financial reissued an “outperform” rating on shares of Vulcan Materials in a report on Wednesday, July 15th. Royal Bank Of Canada raised their target price on Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a research note on Tuesday, July 7th. Finally, Wall Street Zen cut Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $327.93.

Insider Buying and Selling

In related news, SVP David P. Clement sold 2,212 shares of Vulcan Materials stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $292.29, for a total transaction of $646,545.48. Following the transaction, the senior vice president owned 8,716 shares in the company, valued at approximately $2,547,599.64. This trade represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.65% of the company’s stock.

Vulcan Materials Profile

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.