Teachers Retirement System of The State of Kentucky Cuts Stake in Vulcan Materials (NYSE:VMC)

Teachers Retirement System of The State of Kentucky cut its holdings in Vulcan Materials (NYSE:VMC) by 4.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,857 shares of the construction company’s stock after selling 560 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Vulcan Materials were worth $2,964,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VMC. Fifth Third Bancorp raised its position in shares of Vulcan Materials by 19.3% in the 4th quarter. Fifth Third Bancorp now owns 3,879 shares of the construction company’s stock worth $881,000 after acquiring an additional 627 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Vulcan Materials by 0.6% in the 4th quarter. Arizona State Retirement System now owns 36,517 shares of the construction company’s stock valued at $8,290,000 after buying an additional 215 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Vulcan Materials by 1.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 69,516 shares of the construction company’s stock valued at $15,672,000 after buying an additional 1,234 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Vulcan Materials by 17,706.3% in the 4th quarter. International Assets Investment Management LLC now owns 47,899 shares of the construction company’s stock worth $10,874,000 after buying an additional 47,630 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC raised its stake in shares of Vulcan Materials by 26.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 1,286 shares of the construction company’s stock worth $292,000 after acquiring an additional 269 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Activity

In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $272.95, for a total value of $2,347,370.00. Following the completion of the transaction, the president now owns 1,300 shares in the company, valued at $354,835. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $272.95, for a total value of $2,347,370.00. Following the sale, the president now directly owns 1,300 shares of the company’s stock, valued at $354,835. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David P. Clement sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $249.50, for a total value of $249,500.00. Following the transaction, the senior vice president now directly owns 1,660 shares of the company’s stock, valued at $414,170. The disclosure for this sale can be found here. Insiders sold a total of 17,210 shares of company stock valued at $4,653,520 in the last three months. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VMC shares. Citigroup cut their price target on shares of Vulcan Materials from $322.00 to $297.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. Loop Capital lowered their price target on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Jefferies Financial Group upped their price objective on shares of Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Royal Bank of Canada lifted their target price on shares of Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. Finally, Stephens upped their price target on shares of Vulcan Materials from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus target price of $277.08.

Vulcan Materials Stock Performance

VMC traded down $4.79 during midday trading on Friday, hitting $266.34. 986,570 shares of the company were exchanged, compared to its average volume of 805,887. The company’s 50 day simple moving average is $252.97 and its 200 day simple moving average is $255.27. The firm has a market capitalization of $35.22 billion, a price-to-earnings ratio of 38.88, a price-to-earnings-growth ratio of 2.22 and a beta of 0.82. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $278.79. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.11). Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $0.95 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis. As a group, sell-side analysts predict that Vulcan Materials will post 8.32 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.69%. Vulcan Materials’s payout ratio is 26.86%.

Vulcan Materials Company 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.