Vulcan Materials Company $VMC Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. decreased its position in shares of Vulcan Materials Company (NYSE:VMC) by 29.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,850 shares of the construction company’s stock after selling 9,835 shares during the period. iA Global Asset Management Inc.’s holdings in Vulcan Materials were worth $6,802,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Westside Investment Management Inc. lifted its stake in Vulcan Materials by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock worth $25,000 after acquiring an additional 42 shares in the last quarter. NBT Bank N A NY acquired a new stake in Vulcan Materials in the 4th quarter valued at about $26,000. Greykasell Wealth Strategies Inc. acquired a new stake in Vulcan Materials in the 3rd quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Vulcan Materials in the 3rd quarter valued at about $30,000. Finally, Godsey & Gibb Inc. acquired a new stake in Vulcan Materials in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VMC shares. Wells Fargo & Company increased their price target on Vulcan Materials from $305.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Barclays increased their price target on Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research report on Tuesday, January 27th. Citigroup reduced their price target on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, Stifel Nicolaus set a $333.00 price target on Vulcan Materials in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $330.58.

Vulcan Materials Trading Up 0.0%

VMC opened at $267.92 on Monday. Vulcan Materials Company has a one year low of $252.35 and a one year high of $331.09. The company has a market cap of $34.76 billion, a P/E ratio of 31.86, a PEG ratio of 1.94 and a beta of 1.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. The business’s 50-day simple moving average is $280.06 and its 200-day simple moving average is $292.00.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities research analysts expect that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a $0.52 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. Vulcan Materials’s dividend payout ratio is presently 24.73%.

Insider Activity at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $303.72, for a total value of $345,329.64. The transaction was disclosed in a filing with the SEC, which is accessible 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.