Vulcan Materials (NYSE:VMC) Position Raised by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lifted its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 20.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,534 shares of the construction company's stock after acquiring an additional 932 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Vulcan Materials were worth $1,424,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VMC. Barclays PLC increased its stake in Vulcan Materials by 29.0% in the 3rd quarter. Barclays PLC now owns 472,194 shares of the construction company's stock valued at $118,251,000 after purchasing an additional 106,187 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Vulcan Materials by 5.0% during the 4th quarter. Wedmont Private Capital now owns 1,454 shares of the construction company's stock worth $366,000 after buying an additional 69 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Vulcan Materials by 113.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 193,497 shares of the construction company's stock worth $49,773,000 after buying an additional 102,944 shares in the last quarter. Park Avenue Securities LLC raised its position in Vulcan Materials by 3.9% during the fourth quarter. Park Avenue Securities LLC now owns 2,845 shares of the construction company's stock worth $732,000 after acquiring an additional 108 shares during the last quarter. Finally, Heritage Family Offices LLP purchased a new position in shares of Vulcan Materials during the 4th quarter worth approximately $994,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

VMC has been the topic of a number of analyst reports. Argus upgraded Vulcan Materials to a "strong-buy" rating in a report on Thursday, April 24th. Citigroup restated a "buy" rating on shares of Vulcan Materials in a report on Monday, March 24th. Stifel Nicolaus boosted their price objective on shares of Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Raymond James decreased their target price on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, Royal Bank of Canada increased their price target on Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 19th. Three equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $302.91.

Vulcan Materials Stock Performance

VMC stock traded up $0.24 during midday trading on Wednesday, reaching $273.57. The company had a trading volume of 195,773 shares, compared to its average volume of 941,946. The firm has a market capitalization of $36.14 billion, a PE ratio of 39.95, a P/E/G ratio of 2.03 and a beta of 0.84. The stock has a 50 day moving average price of $247.65 and a 200 day moving average price of $260.53. Vulcan Materials has a fifty-two week low of $215.08 and a fifty-two week high of $298.31. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60.

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, beating analysts' consensus estimates of $0.80 by $0.20. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 EPS. Analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently declared 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 of this dividend is Friday, May 23rd. This represents a $1.96 annualized dividend and a dividend yield of 0.72%. Vulcan Materials's dividend payout ratio is currently 27.80%.

Insider Buying and Selling

In related news, SVP David P. Clement sold 1,500 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $270.00, for a total value of $405,000.00. Following the completion of the transaction, the senior vice president now directly owns 2,832 shares of the company's stock, valued at $764,640. This represents a 34.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.62% of the company's stock.

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.