Sumitomo Mitsui Trust Group Inc. Has $69.01 Million Stock Holdings in Vulcan Materials Company (NYSE:VMC)

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295,807 shares of the construction company's stock after purchasing an additional 1,797 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Vulcan Materials worth $69,012,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of VMC. Quadrant Capital Group LLC raised its holdings in shares of Vulcan Materials by 2.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company's stock valued at $461,000 after purchasing an additional 44 shares in the last quarter. Alpha Omega Wealth Management LLC grew its position in Vulcan Materials by 1.1% during the first quarter. Alpha Omega Wealth Management LLC now owns 4,336 shares of the construction company's stock worth $1,012,000 after buying an additional 46 shares during the period. Washington Trust Advisors Inc. raised its position in Vulcan Materials by 30.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock worth $54,000 after acquiring an additional 48 shares during the last quarter. Sound View Wealth Advisors Group LLC lifted its holdings in Vulcan Materials by 4.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company's stock valued at $301,000 after purchasing an additional 48 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Vulcan Materials by 5.6% in the fourth quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock valued at $249,000 after purchasing an additional 51 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VMC has been the topic of a number of recent research reports. UBS Group raised shares of Vulcan Materials from a "neutral" rating to a "buy" rating and lifted their price target for the company from $280.00 to $318.00 in a research report on Friday, May 16th. Loop Capital decreased their target price on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Argus raised Vulcan Materials to a "strong-buy" rating in a research report on Thursday, April 24th. Raymond James Financial cut their target price 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. Finally, Seaport Res Ptn raised Vulcan Materials to a "strong-buy" rating in a research report on Friday, March 21st. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Vulcan Materials has an average rating of "Moderate Buy" and an average target price of $302.91.

Vulcan Materials Price Performance

Shares of VMC traded up $0.97 on Wednesday, hitting $265.64. The company's stock had a trading volume of 673,747 shares, compared to its average volume of 980,725. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.42 and a quick ratio of 1.51. The company has a market capitalization of $35.09 billion, a PE ratio of 37.68, a PEG ratio of 2.36 and a beta of 0.82. The company has a 50 day moving average price of $263.43 and a 200 day moving average price of $256.30. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.80 by $0.20. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. Vulcan Materials had a net margin of 12.50% and a return on equity of 12.91%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. On average, research analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, May 23rd. Vulcan Materials's dividend payout ratio is currently 27.80%.

Insiders Place Their Bets

In other news, SVP David P. Clement sold 1,500 shares of the company's 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 directly owned 2,832 shares of the company's stock, valued at $764,640. This represents a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.