Vulcan Materials Company (NYSE:VMC) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,599 shares of the construction company's stock after selling 5,047 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.17% of Vulcan Materials worth $53,799,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VMC. Opal Wealth Advisors LLC acquired a new stake in shares of Vulcan Materials in the first quarter valued at $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Vulcan Materials in the fourth quarter valued at $30,000. Kapitalo Investimentos Ltda acquired a new stake in Vulcan Materials in the fourth quarter valued at $35,000. Wayfinding Financial LLC acquired a new stake in Vulcan Materials in the first quarter valued at $45,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Vulcan Materials in the fourth quarter valued at $46,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on VMC. Wolfe Research upgraded Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research note on Thursday, April 10th. Stifel Nicolaus raised their target price on Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. 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. Argus raised Vulcan Materials to a "strong-buy" rating in a research report on Thursday, April 24th. Finally, Stephens set a $315.00 target price on Vulcan Materials and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $302.91.

Vulcan Materials Stock Performance

VMC stock traded up $3.48 during trading on Friday, hitting $274.90. The company had a trading volume of 579,658 shares, compared to its average volume of 898,941. The firm has a market cap of $36.31 billion, a PE ratio of 38.99, a price-to-earnings-growth ratio of 2.46 and a beta of 0.82. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $298.31. The firm has a 50-day moving average price of $265.20 and a 200-day moving average price of $257.02. The company has a quick ratio of 1.51, a current ratio of 2.42 and a debt-to-equity ratio of 0.60.

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. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.91% and a net margin of 12.50%. The company'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 earnings per share. On average, analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, August 14th. Vulcan Materials's payout ratio is currently 27.80%.

Insider Activity

In other news, SVP David P. Clement sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $270.00, for a total value of $405,000.00. Following the transaction, the senior vice president owned 2,832 shares of the company's stock, valued at approximately $764,640. The trade was a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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.