OMERS ADMINISTRATION Corp Invests $4.84 Million in Vulcan Materials Company $VMC

OMERS ADMINISTRATION Corp acquired a new position in shares of Vulcan Materials Company (NYSE:VMC) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,391 shares of the construction company’s stock, valued at approximately $4,836,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Vulcan Materials in the 2nd quarter worth approximately $2,868,444,000. Norges Bank purchased a new stake in Vulcan Materials during the 4th quarter worth about $383,613,000. Egerton Capital UK LLP purchased a new stake in shares of Vulcan Materials during the fourth quarter worth approximately $273,861,000. Bank of New York Mellon Corp purchased a new stake in shares of Vulcan Materials in the 2nd quarter valued at approximately $213,960,000. Finally, Deutsche Bank AG acquired a new stake in Vulcan Materials in the second quarter valued at $208,673,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VMC has been the topic of a number of research analyst reports. Raymond James Financial reissued an “outperform” rating on shares of Vulcan Materials in a report on Wednesday, July 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a report on Tuesday, July 7th. Citigroup cut their target price on Vulcan Materials from $355.00 to $350.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a research report on Thursday, April 30th. Finally, Wells Fargo & Company cut their price target on Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $327.93.

Insider Transactions at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the transaction, the senior vice president directly owned 8,716 shares of the company’s stock, valued at $2,547,599.64. This represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.65% of the stock is owned by corporate insiders.

Vulcan Materials Stock Performance

NYSE:VMC opened at $275.87 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. The firm has a market cap of $35.75 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 1.99 and a beta of 1.06. The firm’s fifty day moving average price is $288.85 and its 200 day moving average price is $287.23. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, topping 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. On average, sell-side analysts expect that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 13th. Vulcan Materials’s payout ratio is 24.56%.

Vulcan Materials Company 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.