Strs Ohio Takes Position in Vulcan Materials Company $VMC

Key Points

• Strs Ohio acquired 118,604 shares of Vulcan Materials Company valued at approximately $27.67 million, representing a 0.09% stake in the company.
• Vulcan Materials reported earnings of $2.45 per share for the last quarter, missing the consensus estimate by $0.20, while revenue for the quarter was $2.10 billion.
• Several analysts have provided updated ratings for Vulcan Materials, with the consensus rating being "Buy" and an average price target of $308.36.

Strs Ohio acquired a new stake in Vulcan Materials Company (NYSE:VMC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 118,604 shares of the construction company's stock, valued at approximately $27,670,000. Strs Ohio owned 0.09% of Vulcan Materials as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Vulcan Materials during the fourth quarter worth approximately $497,000. Focus Partners Wealth lifted its stake in Vulcan Materials by 11.5% during the fourth quarter. Focus Partners Wealth now owns 2,585 shares of the construction company's stock worth $665,000 after purchasing an additional 267 shares during the last quarter. Gotham Asset Management LLC lifted its stake in Vulcan Materials by 302.3% during the fourth quarter. Gotham Asset Management LLC now owns 15,766 shares of the construction company's stock worth $4,055,000 after purchasing an additional 11,847 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Vulcan Materials by 2.0% during the fourth quarter. Janus Henderson Group PLC now owns 15,645 shares of the construction company's stock worth $4,027,000 after purchasing an additional 302 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Vulcan Materials by 1,391.1% during the fourth quarter. Lazard Asset Management LLC now owns 20,935 shares of the construction company's stock worth $5,385,000 after purchasing an additional 19,531 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VMC shares. Citigroup restated a "buy" rating and set a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Morgan Stanley decreased their target price on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a research note on Monday, July 28th. JPMorgan Chase & Co. lifted their price target on Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Barclays lifted their price target on Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, UBS Group raised Vulcan Materials from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $280.00 to $318.00 in a research report on Friday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Vulcan Materials has a consensus rating of "Buy" and an average price target of $308.36.

Vulcan Materials Stock Up 2.5%

Shares of NYSE:VMC opened at $301.78 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $302.22. The stock's fifty day simple moving average is $281.42 and its 200-day simple moving average is $261.72. The company has a market capitalization of $39.87 billion, a P/E ratio of 42.15, a P/E/G ratio of 2.41 and a beta of 0.86.

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 the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter in the prior year, the company earned $2.35 earnings per share. The firm's revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast 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 Wednesday, September 3rd. Investors of record on Thursday, August 14th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, August 14th. Vulcan Materials's dividend payout ratio is presently 27.37%.

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.

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