California State Teachers Retirement System Sells 8,776 Shares of Vulcan Materials (NYSE:VMC)

California State Teachers Retirement System trimmed its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 3.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 240,520 shares of the construction company's stock after selling 8,776 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of Vulcan Materials worth $61,869,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its stake in Vulcan Materials by 149.4% in the 4th quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company's stock worth $2,416,000 after purchasing an additional 5,627 shares during the period. Smith Group Asset Management LLC purchased a new stake in shares of Vulcan Materials during the 4th quarter worth approximately $514,000. SYM FINANCIAL Corp purchased a new stake in shares of Vulcan Materials during the 4th quarter worth approximately $249,000. Jones Financial Companies Lllp raised its holdings in shares of Vulcan Materials by 42.9% during the 4th quarter. Jones Financial Companies Lllp now owns 3,599 shares of the construction company's stock worth $926,000 after acquiring an additional 1,081 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Vulcan Materials during the 4th quarter worth approximately $829,000. 90.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Vulcan Materials Trading Down 0.1%

NYSE:VMC traded down $0.19 during mid-day trading on Friday, hitting $265.12. 1,480,929 shares of the stock traded hands, compared to its average volume of 966,223. The stock has a market capitalization of $35.02 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 2.03 and a beta of 0.84. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $298.31. The firm's 50 day moving average is $251.98 and its two-hundred day moving average is $259.90. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.80 by $0.20. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm posted $0.80 EPS. The firm's revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.49 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.96 dividend on an annualized basis and a yield of 0.74%. Vulcan Materials's payout ratio is 27.80%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VMC. Wolfe Research raised Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. Stifel Nicolaus upped their price objective on Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. UBS Group raised Vulcan Materials from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $280.00 to $318.00 in a report on Friday, May 16th. Morgan Stanley upped their price objective on Vulcan Materials from $273.00 to $303.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Loop Capital decreased their price objective on Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.