Allianz SE Sells 1,098 Shares of Vulcan Materials Company (NYSE:VMC)

Allianz SE decreased its holdings in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 11.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,863 shares of the construction company's stock after selling 1,098 shares during the quarter. Allianz SE's holdings in Vulcan Materials were worth $2,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMC. Golden State Wealth Management LLC lifted its stake in shares of Vulcan Materials by 21.0% during the 1st quarter. Golden State Wealth Management LLC now owns 951 shares of the construction company's stock worth $222,000 after buying an additional 165 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Vulcan Materials by 42.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company's stock valued at $3,686,000 after buying an additional 4,678 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Vulcan Materials by 24.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 921 shares of the construction company's stock valued at $215,000 after acquiring an additional 180 shares during the period. GAMMA Investing LLC lifted its position in Vulcan Materials by 27.2% during the first quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company's stock worth $398,000 after acquiring an additional 365 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Vulcan Materials by 5.6% during the fourth quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock worth $249,000 after acquiring an additional 51 shares during the period. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Price Performance

VMC stock opened at $274.56 on Monday. The company's 50-day moving average price is $265.36 and its two-hundred day moving average price is $257.47. The firm has a market cap of $36.27 billion, a P/E ratio of 38.35, a P/E/G ratio of 2.43 and a beta of 0.83. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the business posted $2.35 EPS. The business's revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials's payout ratio is 27.80%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus increased their target price on Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Morgan Stanley lowered their price objective on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Monday, July 28th. Stephens set a $315.00 target price on shares of Vulcan Materials and gave the company an "overweight" rating in a research report on Thursday, May 1st. Raymond James Financial decreased their price target on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Finally, Royal Bank Of Canada dropped their price objective on shares of Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Vulcan Materials currently has a consensus rating of "Moderate Buy" and an average price target of $302.45.

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 1,500 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $270.00, for a total transaction of $405,000.00. Following the completion of the sale, the senior vice president directly owned 2,832 shares in the company, valued at $764,640. This represents a 34.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.61% of the company's stock.

Vulcan Materials Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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