Vulcan Materials (NYSE:VMC) Shares Sold by Xn LP

Xn LP cut its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 608,386 shares of the construction company's stock after selling 109,388 shares during the period. Vulcan Materials comprises approximately 6.2% of Xn LP's investment portfolio, making the stock its 6th biggest position. Xn LP owned approximately 0.46% of Vulcan Materials worth $156,495,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp bought a new stake in shares of Vulcan Materials in the fourth quarter worth $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Vulcan Materials in the fourth quarter worth $31,000. Generali Asset Management SPA SGR bought a new stake in shares of Vulcan Materials in the fourth quarter worth $32,000. Kapitalo Investimentos Ltda bought a new stake in shares of Vulcan Materials in the fourth quarter worth $35,000. Finally, UMB Bank n.a. grew its stake in shares of Vulcan Materials by 138.5% in the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company's stock worth $48,000 after purchasing an additional 108 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

VMC stock opened at $275.68 on Tuesday. The stock has a market capitalization of $36.42 billion, a PE ratio of 40.25, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The company's 50-day moving average is $246.69 and its 200-day moving average is $260.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.64 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The business's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. Equities research analysts expect that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.49 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.71%. Vulcan Materials's dividend payout ratio (DPR) is presently 27.80%.

Insider Transactions at Vulcan Materials

In other 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 transaction of $405,000.00. Following the transaction, the senior vice president now owns 2,832 shares of the company's stock, valued at $764,640. This represents a 34.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.62% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on VMC. UBS Group raised shares of Vulcan Materials from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $280.00 to $318.00 in a research note on Friday. Raymond James reduced their price objective on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. JPMorgan Chase & Co. raised shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and cut their price target for the company from $290.00 to $285.00 in a research report on Wednesday, March 19th. Citigroup reaffirmed a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Finally, Royal Bank of Canada upped 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 report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $302.91.

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.

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