Pacer Advisors Inc. Has $1.79 Million Stock Position in Vulcan Materials Company (NYSE:VMC)

Pacer Advisors Inc. reduced its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 33.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,674 shares of the construction company's stock after selling 3,917 shares during the period. Pacer Advisors Inc.'s holdings in Vulcan Materials were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in Vulcan Materials during the 1st quarter worth approximately $27,000. Kapitalo Investimentos Ltda bought a new stake in Vulcan Materials during the 4th quarter worth approximately $35,000. Wayfinding Financial LLC bought a new stake in Vulcan Materials during the 1st quarter worth approximately $45,000. Fourth Dimension Wealth LLC bought a new stake in Vulcan Materials during the 4th quarter worth approximately $46,000. Finally, Rakuten Securities Inc. bought a new stake in Vulcan Materials during the 1st quarter worth approximately $54,000. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Performance

Vulcan Materials stock traded down $0.11 during midday trading on Friday, reaching $274.56. 1,442,181 shares of the company's stock were exchanged, compared to its average volume of 1,069,458. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $298.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.51 and a current ratio of 2.42. The firm has a market cap of $36.27 billion, a price-to-earnings ratio of 38.94, a P/E/G ratio of 2.41 and a beta of 0.82. The stock's 50-day simple moving average is $265.23 and its 200 day simple moving average is $257.53.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.91% and a net margin of 12.50%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the firm earned $2.35 EPS. The company's revenue was up 4.4% on a year-over-year basis. On average, analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 14th. Vulcan Materials's payout ratio is presently 27.80%.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 1,500 shares of Vulcan Materials stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $270.00, for a total value of $405,000.00. Following the completion of the sale, the senior vice president directly owned 2,832 shares in the company, valued at approximately $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 accessible through this link. Insiders own 0.62% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on VMC. Stephens set a $315.00 price target on Vulcan Materials and gave the stock an "overweight" rating in a research report on Thursday, May 1st. 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. Wolfe Research raised Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. Royal Bank Of Canada reduced their price objective on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a report on Friday. Finally, Argus raised Vulcan Materials to a "strong-buy" rating in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $302.45.

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.