Vulcan Materials (NYSE:VMC) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its stake in Vulcan Materials (NYSE:VMC) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,730 shares of the construction company’s stock after selling 2,228 shares during the period. Amalgamated Bank’s holdings in Vulcan Materials were worth $7,657,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VMC. Exchange Traded Concepts LLC acquired a new stake in Vulcan Materials in the fourth quarter worth $28,000. Covestor Ltd increased its position in Vulcan Materials by 273.4% in the third quarter. Covestor Ltd now owns 295 shares of the construction company’s stock worth $60,000 after buying an additional 216 shares during the period. GAMMA Investing LLC acquired a new stake in Vulcan Materials in the fourth quarter worth $61,000. CVA Family Office LLC acquired a new stake in Vulcan Materials in the fourth quarter worth $62,000. Finally, MCF Advisors LLC increased its position in Vulcan Materials by 22.4% in the fourth quarter. MCF Advisors LLC now owns 295 shares of the construction company’s stock worth $67,000 after buying an additional 54 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Randy L. Pigg sold 307 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total value of $78,367.89. Following the completion of the sale, the vice president now directly owns 1,896 shares of the company’s stock, valued at approximately $483,991.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Stanley G. Bass sold 8,310 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total value of $2,091,460.80. Following the completion of the sale, the insider now directly owns 29,311 shares of the company’s stock, valued at approximately $7,376,992.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Randy L. Pigg sold 307 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total value of $78,367.89. Following the sale, the vice president now directly owns 1,896 shares of the company’s stock, valued at $483,991.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,017 shares of company stock valued at $3,344,741. Corporate insiders own 0.62% of the company’s stock.

Vulcan Materials Trading Up 0.0 %

Shares of VMC stock opened at $264.44 on Friday. The stock has a 50-day simple moving average of $265.53 and a 200 day simple moving average of $236.46. Vulcan Materials has a fifty-two week low of $187.20 and a fifty-two week high of $276.58. The stock has a market capitalization of $34.98 billion, a P/E ratio of 38.60, a P/E/G ratio of 1.98 and a beta of 0.83. The company has a quick ratio of 2.39, a current ratio of 2.74 and a debt-to-equity ratio of 0.44.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business earned $0.95 EPS. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, sell-side analysts expect that Vulcan Materials will post 8.5 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were paid a $0.46 dividend. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, March 1st. Vulcan Materials’s dividend payout ratio is currently 26.86%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VMC. The Goldman Sachs Group increased their price target on Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $270.00 price target (up previously from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Citigroup increased their price target on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Wolfe Research cut Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Finally, Truist Financial increased their price target on Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and an average target price of $277.08.

About Vulcan Materials

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.