10,819 Vulcan Materials Company $VMC Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Vulcan Materials Company (NYSE:VMC) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 267,605 shares of the construction company’s stock after selling 10,819 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of Vulcan Materials worth $65,464,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Vulcan Materials in the second quarter valued at about $2,868,444,000. Bank of America Corp DE acquired a new position in Vulcan Materials during the second quarter worth about $688,580,000. The Manufacturers Life Insurance Company acquired a new position in Vulcan Materials during the second quarter worth about $451,119,000. Dimensional Fund Advisors LP grew its position in Vulcan Materials by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,346,422 shares of the construction company’s stock worth $366,592,000 after buying an additional 24,187 shares during the period. Finally, Stockbridge Partners LLC purchased a new position in Vulcan Materials in the second quarter valued at about $314,470,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, SVP David Clement sold 2,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $285.10, for a total transaction of $570,200.00. Following the completion of the transaction, the senior vice president owned 6,716 shares of the company’s stock, valued at approximately $1,914,731.60. This trade represents a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director J. Hill sold 14,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $276.17, for a total value of $3,866,380.00. Following the completion of the transaction, the director directly owned 58,209 shares of the company’s stock, valued at approximately $16,075,579.53. This trade represents a 19.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VMC. BMO Capital Markets reissued a “market perform” rating on shares of Vulcan Materials in a research note on Monday, September 21st. Royal Bank Of Canada raised their price objective on Vulcan Materials from $256.00 to $257.00 and gave the company a “sector perform” rating in a research note on Friday, October 30th. UBS Group reduced their price objective on Vulcan Materials from $349.00 to $326.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Weiss Ratings downgraded Vulcan Materials from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. Finally, Stephens upped their target price on Vulcan Materials from $285.00 to $315.00 and gave the company an “overweight” rating in a report on Monday. Twelve investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average target price of $311.28.

Vulcan Materials Stock Performance

Shares of VMC opened at $284.42 on Wednesday. Vulcan Materials Company has a 12-month low of $237.03 and a 12-month high of $331.09. The stock has a market cap of $36.50 billion, a P/E ratio of 34.14, a PEG ratio of 3.00 and a beta of 0.99. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average of $256.22 and a two-hundred day moving average of $280.22.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, October 29th. The construction company reported $2.83 EPS for the quarter, beating the consensus estimate of $2.81 by $0.02. Vulcan Materials had a net margin of 13.77% and a return on equity of 13.03%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the business earned $2.84 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, research analysts predict that Vulcan Materials Company will post 8.86 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, November 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, November 9th. Vulcan Materials’s dividend payout ratio is 24.62%.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a producer and distributor of construction materials used in infrastructure, commercial, residential and industrial projects. The company is the largest producer of construction aggregates in the United States, including crushed stone, sand and gravel.

In addition to aggregates, Vulcan Materials produces asphalt mix, ready-mixed concrete and cement. Its materials are used in roads, bridges, airports, commercial buildings, homes and other construction applications.