Mn Services Vermogensbeheer B.V. Sells 3,700 Shares of Vulcan Materials Company (NYSE:VMC)

Mn Services Vermogensbeheer B.V. decreased its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,100 shares of the construction company's stock after selling 3,700 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Vulcan Materials were worth $11,222,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Vulcan Materials during the 4th quarter valued at $497,000. Empowered Funds LLC boosted its stake in shares of Vulcan Materials by 14.2% during the fourth quarter. Empowered Funds LLC now owns 3,005 shares of the construction company's stock valued at $773,000 after purchasing an additional 374 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Vulcan Materials by 6.7% during the fourth quarter. V Square Quantitative Management LLC now owns 1,329 shares of the construction company's stock worth $342,000 after purchasing an additional 84 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Vulcan Materials by 61.3% during the fourth quarter. Blue Trust Inc. now owns 868 shares of the construction company's stock worth $223,000 after purchasing an additional 330 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Vulcan Materials by 31.9% in the fourth quarter. Principal Securities Inc. now owns 5,029 shares of the construction company's stock valued at $1,294,000 after buying an additional 1,215 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Stock Down 1.0%

Shares of VMC stock traded down $2.46 on Friday, reaching $255.68. 1,081,121 shares of the company were exchanged, compared to its average volume of 969,627. Vulcan Materials Company has a one year low of $215.08 and a one year high of $298.31. The company has a market cap of $33.78 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 2.29 and a beta of 0.84. The company has a 50-day moving average of $260.40 and a 200-day moving average of $257.69. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.42 and a quick ratio of 1.51.

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 for the quarter, topping analysts' consensus estimates of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.91% and a net margin of 12.50%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. Vulcan Materials's revenue for the quarter was up 5.8% on a year-over-year basis. Analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, May 23rd. Vulcan Materials's payout ratio is presently 27.80%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Stephens set a $315.00 price target on Vulcan Materials and gave the company an "overweight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. upgraded Vulcan Materials from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $290.00 to $285.00 in a report on Wednesday, March 19th. Seaport Res Ptn upgraded shares of Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. Morgan Stanley upped their price objective on shares of Vulcan Materials from $273.00 to $303.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Finally, Raymond James Financial decreased their price objective on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Vulcan Materials currently has a consensus rating of "Moderate Buy" and a consensus target price of $302.91.

Insider Transactions 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 stock was sold at an average price of $270.00, for a total transaction of $405,000.00. Following the completion of the transaction, the senior vice president now owns 2,832 shares in the company, valued at approximately $764,640. The trade was a 34.63% decrease in their position. The transaction 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.