Vulcan Materials Company $VMC Shares Sold by Tema Etfs LLC

Tema Etfs LLC cut its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 45.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,738 shares of the construction company’s stock after selling 10,661 shares during the quarter. Tema Etfs LLC’s holdings in Vulcan Materials were worth $3,633,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. LeConte Wealth Management LLC raised its holdings in shares of Vulcan Materials by 6.5% during the fourth quarter. LeConte Wealth Management LLC now owns 1,794 shares of the construction company’s stock worth $512,000 after purchasing an additional 110 shares during the last quarter. Meyer Handelman Co. lifted its position in Vulcan Materials by 45.0% during the fourth quarter. Meyer Handelman Co. now owns 1,730 shares of the construction company’s stock valued at $493,000 after purchasing an additional 537 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Vulcan Materials by 0.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 253,732 shares of the construction company’s stock valued at $72,369,000 after purchasing an additional 1,540 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new stake in Vulcan Materials during the 4th quarter worth about $389,000. Finally, Mn Services Vermogensbeheer B.V. grew its position in Vulcan Materials by 1.4% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 50,623 shares of the construction company’s stock worth $14,439,000 after purchasing an additional 723 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $303.72, for a total transaction of $345,329.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. B. Riley Financial initiated coverage on Vulcan Materials in a report on Thursday, January 15th. They issued a “buy” rating and a $345.00 price objective for the company. Morgan Stanley raised their target price on Vulcan Materials from $321.00 to $322.00 and gave the stock an “equal weight” rating in a report on Monday, March 9th. Barclays reduced their price target on Vulcan Materials from $320.00 to $296.00 and set an “overweight” rating for the company in a research report on Tuesday. DA Davidson decreased their price target on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Finally, Wall Street Zen lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $324.92.

Vulcan Materials Trading Up 2.8%

Shares of Vulcan Materials stock opened at $279.98 on Thursday. The firm has a 50-day simple moving average of $292.79 and a two-hundred day simple moving average of $294.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.97 and a current ratio of 2.69. Vulcan Materials Company has a fifty-two week low of $218.87 and a fifty-two week high of $331.09. The company has a market cap of $36.53 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Tuesday, February 17th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.95 billion. Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. Vulcan Materials’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $2.17 earnings per share. As a group, equities analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date was Monday, March 9th. Vulcan Materials’s dividend payout ratio (DPR) is presently 25.62%.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.