California State Teachers Retirement System Grows Stock Position in Vulcan Materials Company $VMC

California State Teachers Retirement System raised its position in Vulcan Materials Company (NYSE:VMC - Free Report) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 233,025 shares of the construction company's stock after purchasing an additional 8,866 shares during the quarter. California State Teachers Retirement System owned 0.18% of Vulcan Materials worth $68,744,705 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new stake in Vulcan Materials in the second quarter valued at $451,000. Wedmont Private Capital increased its holdings in shares of Vulcan Materials by 2.6% in the 2nd quarter. Wedmont Private Capital now owns 1,877 shares of the construction company's stock valued at $554,000 after acquiring an additional 47 shares during the last quarter. Kintra Wealth LLC acquired a new stake in shares of Vulcan Materials in the 2nd quarter worth approximately $242,000. Saudi Central Bank grew its holdings in shares of Vulcan Materials by 87.2% during the 2nd quarter. Saudi Central Bank now owns 9,132 shares of the construction company's stock valued at $2,694,000 after acquiring an additional 4,255 shares in the last quarter. Finally, AlphaGrep UK Ltd bought a new stake in shares of Vulcan Materials in the second quarter valued at approximately $219,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Buying and Selling

In related news, Director J. Hill sold 14,000 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the transaction, the director directly owned 58,209 shares of the company's stock, valued at approximately $16,075,579.53. This represents a 19.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Clement sold 2,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total value of $570,200.00. Following the transaction, the senior vice president owned 6,716 shares in the company, valued at $1,914,731.60. This trade represents a 22.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.65% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VMC. Wall Street Zen downgraded shares of Vulcan Materials from a "hold" rating to a "sell" rating in a research note on Saturday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Vulcan Materials in a report on Tuesday, July 7th. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the company a "hold" rating in a research note on Tuesday, June 2nd. Wells Fargo & Company lowered shares of Vulcan Materials from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $305.00 to $254.00 in a research note on Wednesday, September 9th. Finally, Royal Bank Of Canada raised their target price on Vulcan Materials from $293.00 to $300.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Vulcan Materials presently has a consensus rating of "Hold" and a consensus target price of $325.00.

Vulcan Materials Stock Performance

VMC traded down $0.47 on Tuesday, hitting $250.07. 296,735 shares of the company traded hands, compared to its average volume of 1,145,986. Vulcan Materials Company has a 12-month low of $246.20 and a 12-month high of $331.09. The stock has a market capitalization of $32.40 billion, a PE ratio of 29.53, a PEG ratio of 2.27 and a beta of 1.05. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $276.75 and a 200-day moving average of $281.61.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.13. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The company's revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.42 EPS. Sell-side analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th were issued a $0.52 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.08 annualized dividend and a yield of 0.8%. Vulcan Materials's payout ratio is currently 24.56%.

Vulcan Materials Profile

Vulcan Materials Company NYSE: VMC is a major U.S. producer and supplier of construction materials. The company's primary business is aggregates, including crushed stone, sand and gravel, which are used in roads, bridges, buildings and other infrastructure projects.

Vulcan also produces and distributes asphalt and ready-mixed concrete, as well as calcium products used in construction, industrial and other applications. Its products are sold to public-sector customers, contractors, commercial developers and other businesses involved in construction and infrastructure development.

Founded in 1909 and headquartered in Birmingham, Alabama, Vulcan Materials has expanded through organic growth and acquisitions to operate production facilities, distribution terminals and related assets across much of the United States.

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