M&T Bank Corp Sells 972 Shares of Vulcan Materials Company (NYSE:VMC)

M&T Bank Corp decreased its holdings in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 6.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,105 shares of the construction company's stock after selling 972 shares during the quarter. M&T Bank Corp's holdings in Vulcan Materials were worth $3,290,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in Vulcan Materials during the 1st quarter valued at $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Vulcan Materials during the 4th quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new stake in Vulcan Materials during the 4th quarter valued at $31,000. Generali Asset Management SPA SGR acquired a new stake in Vulcan Materials during the 4th quarter valued at $32,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Vulcan Materials during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 90.39% of the company's stock.

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 value of $405,000.00. Following the transaction, the senior vice president owned 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 legal filing with the SEC, which is available at this link. 0.62% of the stock is currently owned by corporate insiders.

Vulcan Materials Price Performance

Shares of NYSE VMC traded down $2.13 during mid-day trading on Friday, reaching $268.60. The company had a trading volume of 1,101,620 shares, compared to its average volume of 984,555. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.51 and a current ratio of 2.42. Vulcan Materials Company has a one year low of $215.08 and a one year high of $298.31. The firm has a market cap of $35.48 billion, a price-to-earnings ratio of 38.10, a PEG ratio of 2.41 and a beta of 0.82. The business's 50-day simple moving average is $265.68 and its 200 day simple moving average is $256.40.

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, 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 analysts' expectations of $1.64 billion. During the same quarter last year, the business earned $0.80 earnings per share. Vulcan Materials's revenue was up 5.8% on a year-over-year basis. On average, research analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, May 23rd. Vulcan Materials's dividend payout ratio is presently 27.80%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Loop Capital cut their price target on Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Seaport Res Ptn upgraded Vulcan Materials to a "strong-buy" rating in a research report on Friday, March 21st. Stephens set a $315.00 price objective on Vulcan Materials and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Citigroup reiterated a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Finally, Morgan Stanley increased their price objective on Vulcan Materials from $273.00 to $303.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Three research 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 company's stock. According to MarketBeat, Vulcan Materials presently has an average rating of "Moderate Buy" and a consensus price target of $302.91.

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.