Man Group plc Sells 39,168 Shares of Vulcan Materials (NYSE:VMC)

Man Group plc trimmed its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 65.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,642 shares of the construction company's stock after selling 39,168 shares during the quarter. Man Group plc's holdings in Vulcan Materials were worth $5,310,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Barclays PLC raised its stake in shares of Vulcan Materials by 29.0% in the 3rd quarter. Barclays PLC now owns 472,194 shares of the construction company's stock valued at $118,251,000 after acquiring an additional 106,187 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Vulcan Materials by 3.9% in the fourth quarter. Park Avenue Securities LLC now owns 2,845 shares of the construction company's stock valued at $732,000 after purchasing an additional 108 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Vulcan Materials in the fourth quarter worth $263,000. Arkadios Wealth Advisors boosted its holdings in shares of Vulcan Materials by 51.8% during the 4th quarter. Arkadios Wealth Advisors now owns 1,626 shares of the construction company's stock worth $418,000 after buying an additional 555 shares during the period. Finally, HB Wealth Management LLC boosted its holdings in shares of Vulcan Materials by 11.2% during the 4th quarter. HB Wealth Management LLC now owns 2,423 shares of the construction company's stock worth $623,000 after buying an additional 244 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VMC shares. Morgan Stanley boosted their target price on shares of Vulcan Materials from $273.00 to $303.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Royal Bank of Canada raised their target price on Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a report on Wednesday, February 19th. Stifel Nicolaus lifted their price target on Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Loop Capital reduced their price objective on Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Finally, Raymond James lowered their price objective on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $302.91.

Vulcan Materials Price Performance

Shares of VMC stock traded down $3.62 during mid-day trading on Monday, reaching $268.06. The company's stock had a trading volume of 816,367 shares, compared to its average volume of 944,150. The firm's 50-day moving average is $249.79 and its two-hundred day moving average is $260.17. The company has a market cap of $35.41 billion, a P/E ratio of 39.13, a PEG ratio of 2.03 and a beta of 0.84. Vulcan Materials has a 1-year low of $215.08 and a 1-year high of $298.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83.

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

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.73%. The ex-dividend date is Friday, May 23rd. Vulcan Materials's dividend payout ratio is 27.80%.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $270.00, for a total value of $405,000.00. Following the transaction, the senior vice president now directly owns 2,832 shares in the company, valued at $764,640. The trade was a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.62% of the company's stock.

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.