Strs Ohio Acquires 4,412 Shares of Vulcan Materials (NYSE:VMC)

Strs Ohio boosted its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,103 shares of the construction company's stock after acquiring an additional 4,412 shares during the period. Strs Ohio owned 0.06% of Vulcan Materials worth $16,822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Stratos Wealth Partners LTD. lifted its holdings in shares of Vulcan Materials by 1.6% during the third quarter. Stratos Wealth Partners LTD. now owns 3,248 shares of the construction company's stock worth $656,000 after buying an additional 51 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Vulcan Materials by 2.3% during the third quarter. Proficio Capital Partners LLC now owns 2,312 shares of the construction company's stock worth $467,000 after buying an additional 52 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of Vulcan Materials by 2.7% during the third quarter. Greenleaf Trust now owns 2,008 shares of the construction company's stock worth $406,000 after buying an additional 52 shares in the last quarter. Stonegate Investment Group LLC lifted its holdings in shares of Vulcan Materials by 0.3% during the fourth quarter. Stonegate Investment Group LLC now owns 20,255 shares of the construction company's stock worth $4,598,000 after buying an additional 52 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Vulcan Materials by 2.4% during the third quarter. CWM LLC now owns 2,269 shares of the construction company's stock worth $458,000 after buying an additional 53 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Insider Buying and Selling

In related news, VP Randy L. Pigg sold 307 shares of Vulcan Materials stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total value of $78,367.89. Following the transaction, the vice president now directly owns 1,896 shares of the company's stock, valued at $483,991.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Vulcan Materials news, VP Randy L. Pigg sold 307 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total value of $78,367.89. Following the transaction, the vice president now directly owns 1,896 shares of the company's stock, valued at $483,991.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Denson N. Franklin III sold 3,200 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total value of $862,336.00. Following the completion of the transaction, the senior vice president now directly owns 5,395 shares in the company, valued at $1,453,844.60. 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 over the last ninety days. 0.61% of the stock is owned by company insiders.

Vulcan Materials Price Performance

Vulcan Materials stock traded down $0.28 during midday trading on Wednesday, reaching $258.26. The company's stock had a trading volume of 708,195 shares, compared to its average volume of 794,774. The business has a 50-day moving average price of $262.37 and a 200-day moving average price of $232.26. Vulcan Materials has a 52 week low of $166.43 and a 52 week high of $276.58. The stock has a market cap of $34.16 billion, a PE ratio of 36.93, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. The company has a current ratio of 3.17, a quick ratio of 2.39 and a debt-to-equity ratio of 0.52.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings results on Friday, February 16th. The construction company reported $1.46 EPS for the quarter, beating analysts' consensus estimates of $1.40 by $0.06. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm posted $1.08 earnings per share. The business's revenue for the quarter was up 5.9% on a year-over-year basis. On average, sell-side analysts predict that Vulcan Materials will post 8.38 EPS for the current year.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.71%. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, March 1st. Vulcan Materials's dividend payout ratio (DPR) is presently 26.36%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. The Goldman Sachs Group raised their price target on Vulcan Materials from $264.00 to $292.00 and gave the stock a "buy" rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $270.00 price target (up previously from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Truist Financial raised their price target on Vulcan Materials from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Tuesday, April 2nd. Citigroup raised their price target on Vulcan Materials from $263.00 to $322.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Finally, Morgan Stanley assumed coverage on Vulcan Materials in a research report on Monday, January 8th. They issued an "equal weight" rating and a $208.00 price target on the stock. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Vulcan Materials has a consensus rating of "Moderate Buy" and an average price target of $268.85.

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.