Pacer Advisors Inc. Purchases 4,176 Shares of Vulcan Materials (NYSE:VMC)

Pacer Advisors Inc. boosted its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 49.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,616 shares of the construction company's stock after purchasing an additional 4,176 shares during the period. Pacer Advisors Inc.'s holdings in Vulcan Materials were worth $2,864,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Exchange Traded Concepts LLC purchased a new position in Vulcan Materials during the fourth quarter valued at $28,000. Pinnacle Bancorp Inc. purchased a new position in shares of Vulcan Materials in the 3rd quarter worth $25,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Vulcan Materials in the 3rd quarter worth $27,000. Achmea Investment Management B.V. purchased a new position in shares of Vulcan Materials in the 1st quarter worth $29,000. Finally, State of Wyoming purchased a new position in shares of Vulcan Materials in the 2nd quarter worth $41,000. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Up 0.0 %

Shares of NYSE:VMC traded up $0.13 during trading hours on Friday, hitting $272.92. The company's stock had a trading volume of 682,980 shares, compared to its average volume of 852,448. Vulcan Materials has a 52 week low of $162.00 and a 52 week high of $276.58. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.39. The company has a market capitalization of $36.10 billion, a price-to-earnings ratio of 39.10, a P/E/G ratio of 1.99 and a beta of 0.83. The firm's fifty day moving average price is $253.17 and its 200 day moving average price is $227.05.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings data on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.40 by $0.06. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the firm earned $1.08 EPS. The company's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, research analysts expect that Vulcan Materials will post 8.37 EPS for the current year.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.67%. This is an increase from Vulcan Materials's previous quarterly dividend of $0.43. Vulcan Materials's payout ratio is presently 26.36%.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,200 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $260.48, for a total transaction of $312,576.00. Following the sale, the director now owns 330 shares of the company's stock, valued at approximately $85,958.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Vulcan Materials news, insider Stanley G. Bass sold 8,310 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the completion of the sale, the insider now directly owns 29,311 shares in the company, valued at approximately $7,376,992.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Melissa H. Anderson sold 1,200 shares of Vulcan Materials stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $260.48, for a total transaction of $312,576.00. Following the sale, the director now owns 330 shares of the company's stock, valued at $85,958.40. The disclosure for this sale can be found here. Insiders have sold a total of 13,017 shares of company stock valued at $3,344,741 in the last 90 days. Insiders own 0.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VMC shares. Truist Financial raised their target price on shares of Vulcan Materials from $260.00 to $300.00 and gave the stock a "buy" rating in a report on Tuesday, February 20th. Wolfe Research lowered shares of Vulcan Materials from an "outperform" rating to a "peer perform" rating in a report on Friday, March 8th. The Goldman Sachs Group lifted their price objective on shares of Vulcan Materials from $264.00 to $292.00 and gave the company a "buy" rating in a report on Tuesday, February 20th. Stifel Nicolaus lifted their price objective on shares of Vulcan Materials from $260.00 to $279.00 and gave the company a "buy" rating in a report on Tuesday, December 19th. Finally, Raymond James lifted their price objective on shares of Vulcan Materials from $225.00 to $240.00 and gave the company an "outperform" rating in a report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $262.54.

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.