Teacher Retirement System of Texas Has $4.50 Million Stock Position in Vulcan Materials Company (NYSE:VMC)

Teacher Retirement System of Texas boosted its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 109.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,307 shares of the construction company's stock after purchasing an additional 10,094 shares during the period. Teacher Retirement System of Texas' holdings in Vulcan Materials were worth $4,504,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Vulcan Materials by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 16,352,507 shares of the construction company's stock valued at $4,206,355,000 after acquiring an additional 90,157 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Vulcan Materials by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 3,348,418 shares of the construction company's stock valued at $859,171,000 after acquiring an additional 36,833 shares during the last quarter. Stockbridge Partners LLC raised its stake in shares of Vulcan Materials by 11.3% during the fourth quarter. Stockbridge Partners LLC now owns 1,746,482 shares of the construction company's stock valued at $449,248,000 after acquiring an additional 177,918 shares during the last quarter. Norges Bank bought a new position in shares of Vulcan Materials during the fourth quarter valued at $380,369,000. Finally, Alkeon Capital Management LLC raised its stake in shares of Vulcan Materials by 54.1% during the fourth quarter. Alkeon Capital Management LLC now owns 1,282,001 shares of the construction company's stock valued at $329,769,000 after acquiring an additional 450,000 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Up 0.1%

NYSE:VMC traded up $0.36 during trading hours on Thursday, reaching $270.31. The company had a trading volume of 974,802 shares, compared to its average volume of 983,758. 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 firm has a market cap of $35.71 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 2.41 and a beta of 0.82. The business's 50-day simple moving average is $265.68 and its two-hundred day simple moving average is $256.40. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted 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. The business 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 quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $0.80 earnings per share. On average, equities analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued 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 payout ratio is 27.80%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VMC shares. Seaport Res Ptn raised shares of Vulcan Materials to a "strong-buy" rating in a research note on Friday, March 21st. Loop Capital dropped their price target on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Argus raised shares of Vulcan Materials to a "strong-buy" rating in a research note on Thursday, April 24th. Raymond James Financial lowered 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 note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and lowered their target price for the stock from $290.00 to $285.00 in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $302.91.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of the firm's stock in a transaction 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. This trade represents a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.62% of the company's stock.

About Vulcan Materials

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.