Artemis Investment Management LLP Lowers Stock Holdings in Vulcan Materials Company (NYSE:VMC)

Artemis Investment Management LLP lessened its position in Vulcan Materials Company (NYSE:VMC - Free Report) by 36.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 255,803 shares of the construction company's stock after selling 146,303 shares during the quarter. Artemis Investment Management LLP owned approximately 0.19% of Vulcan Materials worth $59,679,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in shares of Vulcan Materials during the first quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Vulcan Materials during the 4th quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new stake in Vulcan Materials in the 4th quarter valued at about $31,000. Generali Asset Management SPA SGR purchased a new position in shares of Vulcan Materials in the 4th quarter valued at about $32,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Vulcan Materials during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Buying and Selling

In other news, SVP David P. Clement sold 1,500 shares of Vulcan Materials stock in a transaction that occurred on Thursday, May 15th. The shares were 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 now directly owns 2,832 shares in the company, valued at approximately $764,640. This trade represents a 34.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is owned by insiders.

Analyst Ratings Changes

VMC has been the subject of a number of recent research reports. Stephens set a $315.00 price target on shares of Vulcan Materials and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Raymond James Financial lowered their target price on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Argus upgraded Vulcan Materials to a "strong-buy" rating in a research note on Thursday, April 24th. Loop Capital decreased their price target on Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Finally, Citigroup reiterated a "buy" rating on shares of Vulcan Materials in a report on Monday, March 24th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Vulcan Materials currently has a consensus rating of "Moderate Buy" and a consensus price target of $302.91.

Vulcan Materials Trading Up 1.0%

NYSE VMC opened at $257.27 on Friday. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $298.31. The firm has a 50-day moving average price of $262.01 and a 200 day moving average price of $256.76. The stock has a market capitalization of $33.99 billion, a P/E ratio of 36.49, a P/E/G ratio of 2.26 and a beta of 0.84. The company has a quick ratio of 1.51, a current ratio of 2.42 and a debt-to-equity ratio of 0.60.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.91% and a net margin of 12.50%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the business posted $0.80 EPS. The company's revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Friday, May 23rd. Vulcan Materials's dividend payout ratio is currently 27.80%.

Vulcan Materials Company 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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