Vulcan Materials Company $VMC Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its holdings in Vulcan Materials Company (NYSE:VMC) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 673,853 shares of the construction company’s stock after selling 11,393 shares during the period. Legal & General Group Plc’s holdings in Vulcan Materials were worth $192,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of VMC. Brighton Jones LLC acquired a new position in shares of Vulcan Materials in the 4th quarter valued at $497,000. NewEdge Advisors LLC increased its holdings 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 acquiring an additional 163 shares during the period. Empowered Funds LLC increased its holdings 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 acquiring an additional 190 shares during the period. Focus Partners Wealth increased its holdings 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 acquiring an additional 736 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Vulcan Materials by 31.5% in 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 during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Stephens lifted their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Truist Financial boosted their price objective on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Wall Street Zen raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Stifel Nicolaus set a $333.00 price objective on shares of Vulcan Materials in a research note on Thursday, April 30th. Finally, DA Davidson dropped their price objective on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $330.58.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $275.96 on Thursday. The firm has a market capitalization of $35.81 billion, a P/E ratio of 32.81, a PEG ratio of 1.95 and a beta of 1.09. Vulcan Materials Company has a one year low of $252.35 and a one year high of $331.09. The company’s fifty day moving average is $279.04 and its two-hundred day moving average is $290.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59.

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 company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 EPS. Analysts forecast that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, May 22nd. Vulcan Materials’s payout ratio is presently 24.73%.

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.