Vulcan Materials Company (NYSE:VMC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in Vulcan Materials Company (NYSE:VMC - Free Report) by 2.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 853,920 shares of the construction company's stock after selling 23,781 shares during the period. Bank of New York Mellon Corp owned about 0.65% of Vulcan Materials worth $199,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in shares of Vulcan Materials during the 1st quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Vulcan Materials during the 4th quarter worth about $30,000. SBI Securities Co. Ltd. purchased a new position in shares of Vulcan Materials during the 4th quarter worth about $31,000. Generali Asset Management SPA SGR purchased a new position in shares of Vulcan Materials during the 4th quarter worth about $32,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Vulcan Materials during the 4th quarter worth about $35,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 1,500 shares of the firm's 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 owned 2,832 shares of the company's stock, valued at approximately $764,640. This trade represents a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.62% of the company's stock.

Vulcan Materials Stock Down 0.8%

NYSE:VMC traded down $2.13 during trading hours on Friday, hitting $268.60. The stock had a trading volume of 1,101,620 shares, compared to its average volume of 984,555. The company has a current ratio of 2.42, a quick ratio of 1.51 and a debt-to-equity ratio of 0.60. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $298.31. The business has a 50 day simple moving average of $265.68 and a two-hundred day simple moving average of $256.40. The company has a market cap of $35.48 billion, a PE ratio of 38.10, a price-to-earnings-growth ratio of 2.41 and a beta of 0.82.

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

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Friday, May 23rd. Vulcan Materials's payout ratio is currently 27.80%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. Loop Capital dropped their target price on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Wolfe Research raised shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research report on Thursday, April 10th. Raymond James Financial dropped 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 report on Tuesday, April 29th. Finally, Citigroup reissued a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Three 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $302.91.

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.