Federated Hermes Inc. Acquires 28,369 Shares of Vulcan Materials (NYSE:VMC)

Federated Hermes Inc. raised its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 53.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,319 shares of the construction company's stock after purchasing an additional 28,369 shares during the quarter. Federated Hermes Inc. owned approximately 0.06% of Vulcan Materials worth $18,460,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new stake in shares of Vulcan Materials during the third quarter worth $25,000. Exchange Traded Concepts LLC acquired a new stake in shares of Vulcan Materials during the fourth quarter worth $28,000. Covestor Ltd lifted its holdings in shares of Vulcan Materials by 273.4% during the third quarter. Covestor Ltd now owns 295 shares of the construction company's stock worth $60,000 after buying an additional 216 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Vulcan Materials during the fourth quarter worth $62,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Vulcan Materials by 48.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the construction company's stock worth $74,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Price Performance

Vulcan Materials stock traded up $2.34 during midday trading on Monday, reaching $254.40. The company's stock had a trading volume of 591,373 shares, compared to its average volume of 786,446. The business has a 50-day moving average price of $263.37 and a 200-day moving average price of $233.38. 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 $33.65 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 1.83 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 8.43 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 0.72%. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.43. The ex-dividend date was Friday, March 1st. Vulcan Materials's dividend payout ratio (DPR) is presently 26.36%.

Analyst Ratings Changes

VMC has been the subject of a number of research reports. Truist Financial lifted their target price on Vulcan Materials from $300.00 to $320.00 and gave the stock a "buy" rating in a report on Tuesday, April 2nd. Royal Bank of Canada raised their price target on Vulcan Materials from $236.00 to $269.00 and gave the stock a "sector perform" rating in a research report on Tuesday, February 20th. Wolfe Research cut Vulcan Materials from an "outperform" rating to a "peer perform" rating in a research report on Friday, March 8th. 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, Raymond James raised their price target on Vulcan Materials from $225.00 to $240.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $273.00.

Insider Activity

In other news, SVP Denson N. Franklin III sold 3,200 shares of Vulcan Materials stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the sale, the senior vice president now directly owns 5,395 shares of the company's stock, valued at $1,453,844.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Melissa H. Anderson sold 1,200 shares of Vulcan Materials stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $260.48, for a total value of $312,576.00. Following the transaction, the director now directly owns 330 shares of the company's stock, valued at $85,958.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Denson N. Franklin III sold 3,200 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, March 13th. The stock was 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. Over the last three months, insiders have sold 13,017 shares of company stock valued at $3,344,741. 0.61% of the stock is currently owned by corporate insiders.

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.