Czech National Bank Acquires 1,698 Shares of Vulcan Materials (NYSE:VMC)

Czech National Bank increased its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 5.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,332 shares of the construction company's stock after purchasing an additional 1,698 shares during the period. Czech National Bank's holdings in Vulcan Materials were worth $7,076,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VMC. Brighton Jones LLC purchased a new position in shares of Vulcan Materials in the 4th quarter worth approximately $497,000. Swedbank AB raised its stake in shares of Vulcan Materials by 10.5% during the fourth quarter. Swedbank AB now owns 2,100 shares of the construction company's stock valued at $540,000 after acquiring an additional 200 shares in the last quarter. OLD National Bancorp IN raised its holdings in shares of Vulcan Materials by 42.6% in the fourth quarter. OLD National Bancorp IN now owns 1,182 shares of the construction company's stock valued at $304,000 after acquiring an additional 353 shares in the last quarter. Caprock Group LLC raised its stake in Vulcan Materials by 7.3% in the fourth quarter. Caprock Group LLC now owns 2,189 shares of the construction company's stock worth $563,000 after buying an additional 148 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in Vulcan Materials by 21.3% during the fourth quarter. Chicago Partners Investment Group LLC now owns 1,035 shares of the construction company's stock valued at $264,000 after purchasing an additional 182 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on VMC shares. Morgan Stanley increased their price target on Vulcan Materials from $273.00 to $303.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Loop Capital lowered their price target on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Citigroup reiterated a "buy" rating on shares of Vulcan Materials in a research note on Monday, March 24th. Wolfe Research raised shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research note on Thursday, April 10th. Finally, Seaport Res Ptn upgraded Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. Three investment 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $302.91.

Insider Activity

In related news, SVP David P. Clement sold 1,500 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 2,832 shares in the company, valued at $764,640. This represents a 34.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by company insiders.

Vulcan Materials Trading Down 0.2%

Vulcan Materials stock traded down $0.56 during midday trading on Thursday, reaching $265.52. The stock had a trading volume of 722,671 shares, compared to its average volume of 965,219. Vulcan Materials has a twelve month low of $215.08 and a twelve month high of $298.31. 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 firm has a market cap of $35.08 billion, a price-to-earnings ratio of 38.76, a PEG ratio of 2.03 and a beta of 0.84. The firm's fifty day simple moving average is $254.19 and its two-hundred day simple moving average is $259.36.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.80 by $0.20. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. Vulcan Materials's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.80 EPS. Equities analysts anticipate that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.96 annualized dividend and a yield of 0.74%. Vulcan Materials's dividend payout ratio (DPR) is presently 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.