Vulcan Materials (NYSE:VMC) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in Vulcan Materials (NYSE:VMC - Free Report) by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,109 shares of the construction company's stock after selling 20,605 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.09% of Vulcan Materials worth $31,153,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its position in shares of Vulcan Materials by 16.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company's stock worth $65,000 after buying an additional 36 shares in the last quarter. Quadrant Capital Group LLC increased its position in Vulcan Materials by 2.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company's stock valued at $461,000 after buying an additional 44 shares in the last quarter. Howard Capital Management Inc. raised its position in shares of Vulcan Materials by 5.2% in the 4th quarter. Howard Capital Management Inc. now owns 906 shares of the construction company's stock valued at $233,000 after purchasing an additional 45 shares during the last quarter. Washington Trust Advisors Inc. raised its holdings in shares of Vulcan Materials by 30.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock worth $54,000 after buying an additional 48 shares during the last quarter. Finally, Sound View Wealth Advisors Group LLC raised its stake in Vulcan Materials by 4.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company's stock worth $301,000 after acquiring an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VMC. Stephens set a $315.00 price target on Vulcan Materials and gave the company an "overweight" rating in a research note on Thursday, May 1st. Wolfe Research raised Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. Stifel Nicolaus increased their price target on shares of Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Morgan Stanley raised their price objective on Vulcan Materials from $273.00 to $303.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Finally, Citigroup reiterated a "buy" rating on shares of Vulcan Materials in a research 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $302.91.

Vulcan Materials Price Performance

Shares of NYSE:VMC traded up $2.73 during midday trading on Tuesday, hitting $270.92. The company had a trading volume of 653,164 shares, compared to its average volume of 943,551. Vulcan Materials has a twelve month low of $215.08 and a twelve month high of $298.31. The stock has a market cap of $35.79 billion, a price-to-earnings ratio of 39.59, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The business's 50-day simple moving average is $250.32 and its 200-day simple moving average is $260.00.

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, beating the consensus estimate of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. During the same period in the prior year, the business earned $0.80 EPS. The firm's quarterly revenue was up 5.8% on a year-over-year basis. On average, research analysts predict that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.49 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.96 annualized dividend and a dividend yield of 0.72%. Vulcan Materials's payout ratio is 27.80%.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of Vulcan Materials stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $270.00, for a total transaction of $405,000.00. Following the transaction, the senior vice president now directly owns 2,832 shares of the company's stock, valued at $764,640. The trade was a 34.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is currently owned by insiders.

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.