Tema Etfs LLC Invests $6.09 Million in Vulcan Materials (NYSE:VMC)

Tema Etfs LLC purchased a new position in shares of Vulcan Materials (NYSE:VMC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,682 shares of the construction company's stock, valued at approximately $6,092,000. Vulcan Materials makes up approximately 2.5% of Tema Etfs LLC's investment portfolio, making the stock its 7th biggest position.

Several other hedge funds have also made changes to their positions in VMC. Murphy & Mullick Capital Management Corp acquired a new stake in Vulcan Materials in the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in Vulcan Materials in the fourth quarter valued at approximately $31,000. Generali Asset Management SPA SGR acquired a new stake in Vulcan Materials in the fourth quarter valued at approximately $32,000. Kapitalo Investimentos Ltda acquired a new stake in Vulcan Materials in the fourth quarter valued at approximately $35,000. Finally, UMB Bank n.a. raised its holdings in Vulcan Materials by 138.5% in the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company's stock valued at $48,000 after acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Stock Performance

Shares of VMC traded down $2.63 during mid-day trading on Tuesday, reaching $273.38. 651,195 shares of the company's stock were exchanged, compared to its average volume of 944,897. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The stock has a market capitalization of $36.11 billion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The business's fifty day simple moving average is $247.65 and its 200-day simple moving average is $260.53. Vulcan Materials has a 52-week low of $215.08 and a 52-week high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.20. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.80 earnings per share. On average, equities research analysts expect that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.96 dividend on an annualized basis and a yield of 0.72%. Vulcan Materials's dividend payout ratio (DPR) is 27.80%.

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 1,500 shares of Vulcan Materials 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 transaction, the senior vice president now directly owns 2,832 shares in the company, valued at $764,640. This trade represents a 34.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

VMC has been the topic of several analyst reports. Citigroup reaffirmed a "buy" rating on shares of Vulcan Materials in a report on Monday, March 24th. Loop Capital reduced their target price on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Wolfe Research upgraded shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research note on Thursday, April 10th. Royal Bank of Canada increased their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 19th. Finally, Argus upgraded shares of Vulcan Materials to a "strong-buy" rating in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $302.91.

Vulcan Materials Company 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.