Vulcan Materials Company $VMC Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund raised its position in Vulcan Materials Company (NYSE:VMC) by 59.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,302 shares of the construction company’s stock after purchasing an additional 3,079 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Vulcan Materials were worth $2,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC purchased a new position in Vulcan Materials in the fourth quarter valued at $497,000. NewEdge Advisors LLC boosted its position in shares of Vulcan Materials by 3.9% during the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock worth $1,017,000 after acquiring an additional 163 shares in the last quarter. Empowered Funds LLC boosted 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 acquiring an additional 190 shares in the last quarter. Focus Partners Wealth increased its holdings 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 acquiring an additional 736 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Vulcan Materials by 31.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock valued at $78,000 after acquiring an additional 80 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Down 0.8%

Shares of NYSE:VMC opened at $268.98 on Friday. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.89. The stock has a market cap of $34.85 billion, a P/E ratio of 31.76, a P/E/G ratio of 1.95 and a beta of 1.05. The firm has a fifty day moving average price of $288.48 and a 200 day moving average price of $289.87.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the business posted $2.42 earnings per share. Vulcan Materials’s quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts predict that Vulcan Materials Company will post 9.31 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.56%.

Analysts Set New Price Targets

VMC has been the subject of a number of research analyst reports. Berenberg Bank set a $283.00 price target on Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, June 2nd. Barclays raised their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Royal Bank Of Canada upped their target price on shares of Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a report on Thursday. Citigroup dropped their target price on shares of Vulcan Materials from $355.00 to $350.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Stifel Nicolaus set a $333.00 price target on shares of Vulcan Materials in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $327.93.

Insiders Place Their Bets

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

Vulcan Materials 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.