Robeco Institutional Asset Management B.V. Decreases Stake in Vulcan Materials Company (NYSE:VMC)

Robeco Institutional Asset Management B.V. cut its position in Vulcan Materials Company (NYSE:VMC - Free Report) by 69.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,830 shares of the construction company's stock after selling 6,444 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Vulcan Materials were worth $660,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Vulcan Materials by 42.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company's stock valued at $3,686,000 after buying an additional 4,678 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Vulcan Materials by 24.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 921 shares of the construction company's stock worth $215,000 after acquiring an additional 180 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Vulcan Materials by 42.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,599 shares of the construction company's stock valued at $926,000 after acquiring an additional 1,081 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Vulcan Materials by 5.6% during the 4th quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock worth $249,000 after acquiring an additional 51 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Vulcan Materials by 27.2% during the 1st quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company's stock worth $398,000 after acquiring an additional 365 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

VMC traded up $0.53 on Thursday, hitting $266.24. 421,723 shares of the company traded hands, compared to its average volume of 978,498. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $298.31. The company has a 50 day moving average of $263.84 and a 200-day moving average of $256.37. The company has a quick ratio of 1.51, a current ratio of 2.42 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $35.17 billion, a PE ratio of 37.76, a PEG ratio of 2.36 and a beta of 0.82.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. Sell-side analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were paid a $0.49 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.96 annualized dividend and a yield of 0.74%. Vulcan Materials's dividend payout ratio is currently 27.80%.

Analysts Set New Price Targets

Several equities analysts have commented on VMC shares. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $290.00 to $285.00 in a research note on Wednesday, March 19th. Stifel Nicolaus lifted their price target on shares of Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Raymond James Financial reduced their price target 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. Seaport Res Ptn upgraded shares of Vulcan Materials to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Loop Capital cut their target price on Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Vulcan Materials presently has an average rating of "Moderate Buy" and a consensus price target of $302.91.

Insider Buying and Selling

In other news, SVP David P. Clement sold 1,500 shares of Vulcan Materials 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 sale, the senior vice president owned 2,832 shares of the company's stock, valued at $764,640. The trade was a 34.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.62% of the company's stock.

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.