Vulcan Materials Company $VMC Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its stake in Vulcan Materials Company (NYSE:VMC) by 19.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,375 shares of the construction company’s stock after selling 2,458 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Vulcan Materials were worth $2,825,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Chesapeake Capital Corp IL raised its stake in shares of Vulcan Materials by 0.9% in the 4th quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock valued at $1,059,000 after acquiring an additional 33 shares during the period. Composition Wealth LLC lifted its stake in Vulcan Materials by 3.5% during the fourth quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after purchasing an additional 34 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in Vulcan Materials by 5.5% during the fourth quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock worth $206,000 after purchasing an additional 38 shares in the last quarter. Truist Financial Corp boosted its position in shares of Vulcan Materials by 0.3% during the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock worth $3,802,000 after buying an additional 38 shares during the period. Finally, United Capital Financial Advisors LLC boosted its position in shares of Vulcan Materials by 1.2% during the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock worth $952,000 after buying an additional 38 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Down 1.6%

VMC opened at $300.01 on Wednesday. The business has a fifty day moving average price of $286.88 and a 200 day moving average price of $291.04. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The stock has a market capitalization of $38.93 billion, a price-to-earnings ratio of 35.67, a PEG ratio of 2.20 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business posted $1.00 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Sell-side analysts expect that Vulcan Materials Company will post 9.27 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a $0.52 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s payout ratio is currently 24.73%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Zacks Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Stephens lifted their target price on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Citigroup cut their price target on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Berenberg Bank set a $283.00 price objective on shares of Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Finally, Royal Bank Of Canada dropped their price objective on shares of Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating for the company in a report on Tuesday, June 30th. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Hold” and a consensus price target of $326.54.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the sale, the senior vice president directly owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.65% of the stock is owned by company insiders.

Vulcan Materials Company Profile

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.