Y Intercept Hong Kong Ltd Sells 18,755 Shares of Vulcan Materials Company (NYSE:VMC)

Y Intercept Hong Kong Ltd reduced its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 94.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,001 shares of the construction company's stock after selling 18,755 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Vulcan Materials were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its position in shares of Vulcan Materials by 21.0% in the 1st quarter. Golden State Wealth Management LLC now owns 951 shares of the construction company's stock worth $222,000 after purchasing an additional 165 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Vulcan Materials by 42.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company's stock worth $3,686,000 after acquiring an additional 4,678 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Vulcan Materials by 24.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 921 shares of the construction company's stock worth $215,000 after acquiring an additional 180 shares during the last quarter. GAMMA Investing LLC raised its holdings in Vulcan Materials by 27.2% in the 1st quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company's stock worth $398,000 after acquiring an additional 365 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Vulcan Materials by 5.6% in the 4th quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock worth $249,000 after acquiring an additional 51 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Performance

VMC traded down $0.11 during midday trading on Friday, reaching $274.56. The company had a trading volume of 1,442,181 shares, compared to its average volume of 957,785. The company has a quick ratio of 1.51, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average of $265.23 and a two-hundred day moving average of $257.53. The company has a market cap of $36.27 billion, a P/E ratio of 38.35, a P/E/G ratio of 2.42 and a beta of 0.83. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.20). The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%. The company's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.35 EPS. As a group, equities research analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials's dividend payout ratio is presently 27.80%.

Insider Transactions at Vulcan Materials

In other news, SVP David P. Clement sold 1,500 shares of the company's 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 sale, the senior vice president directly owned 2,832 shares in the company, valued at approximately $764,640. This represents a 34.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

VMC has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price objective on shares of Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a report on Monday. Wolfe Research upgraded shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. UBS Group upgraded 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 report on Friday, May 16th. Stephens set a $315.00 price objective on shares of Vulcan Materials and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Raymond James Financial decreased 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. Three 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. According to MarketBeat, Vulcan Materials presently has an average rating of "Moderate Buy" and a consensus price target of $302.45.

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.