Public Employees Retirement System of Ohio Makes New Investment in Vulcan Materials Company $VMC

Public Employees Retirement System of Ohio acquired a new stake in shares of Vulcan Materials Company (NYSE:VMC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 58,669 shares of the construction company’s stock, valued at approximately $17,308,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in Vulcan Materials in the 4th quarter worth approximately $497,000. NewEdge Advisors LLC lifted its stake in Vulcan Materials by 3.9% during the first quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock worth $1,017,000 after purchasing an additional 163 shares during the period. Empowered Funds LLC lifted its position in shares of Vulcan Materials by 6.3% during the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock worth $745,000 after buying an additional 190 shares during the period. Focus Partners Wealth boosted its stake in shares of Vulcan Materials by 28.5% in the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock valued at $775,000 after purchasing an additional 736 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Vulcan Materials by 31.5% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock valued at $78,000 after buying an additional 80 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

VMC has been the topic of a number of recent analyst reports. Wall Street Zen raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday. Oppenheimer began coverage on Vulcan Materials in a report on Thursday, May 28th. They issued a “market perform” rating for the company. Berenberg Bank set a $283.00 price objective on shares of Vulcan Materials and gave the stock a “hold” rating in a research note on Tuesday, June 2nd. Royal Bank Of Canada boosted their price objective on shares of Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, DA Davidson began coverage on shares of Vulcan Materials in a report on Tuesday, August 25th. They issued a “buy” rating and a $330.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $328.64.

Vulcan Materials Stock Up 0.5%

Shares of Vulcan Materials stock opened at $275.11 on Friday. The company has a market capitalization of $35.65 billion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 1.98 and a beta of 1.06. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. The business has a 50-day moving average of $286.74 and a two-hundred day moving average of $286.28. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the business posted $2.42 EPS. Vulcan Materials’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts predict that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 13th. Vulcan Materials’s dividend payout ratio is 24.56%.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 2,212 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the sale, the senior vice president owned 8,716 shares of the company’s stock, valued at $2,547,599.64. This represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.65% of the stock is owned by company insiders.

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.