Vulcan Materials (NYSE:VMC) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC reduced its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 93.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,441 shares of the construction company's stock after selling 22,338 shares during the period. Teza Capital Management LLC's holdings in Vulcan Materials were worth $371,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position 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 worth $4,206,355,000 after purchasing an additional 90,157 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Vulcan Materials by 13.9% during the fourth quarter. Principal Financial Group Inc. now owns 6,062,201 shares of the construction company's stock worth $1,559,380,000 after purchasing an additional 741,631 shares in the last quarter. Geode Capital Management LLC lifted its position 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 worth $859,171,000 after purchasing an additional 36,833 shares in the last quarter. Stockbridge Partners LLC lifted its position 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 worth $449,248,000 after purchasing an additional 177,918 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Vulcan Materials during the fourth quarter worth $380,369,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vulcan Materials

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

Vulcan Materials Stock Performance

Shares of VMC opened at $273.38 on Wednesday. The firm has a 50-day moving average price of $247.65 and a 200 day moving average price of $260.53. The firm has a market capitalization of $36.11 billion, a PE ratio of 39.91, a P/E/G ratio of 2.03 and a beta of 0.84. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. 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, beating analysts' consensus estimates of $0.80 by $0.20. The firm had revenue of $1.63 billion during 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%. Vulcan Materials's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. On average, sell-side analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently announced 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 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 is presently 27.80%.

Analysts Set New Price Targets

A number of research firms have recently commented on VMC. Stifel Nicolaus boosted their target price on shares of Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. UBS Group raised shares of Vulcan Materials from a "neutral" rating to a "buy" rating and upped their price target for the company from $280.00 to $318.00 in a report on Friday, May 16th. Argus raised shares of Vulcan Materials to a "strong-buy" rating in a report on Thursday, April 24th. Stephens set a $315.00 price target on shares of Vulcan Materials and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Morgan Stanley upped their price target on shares of Vulcan Materials from $273.00 to $303.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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