Gamco Investors INC. ET AL Reduces Holdings in Vulcan Materials Company $VMC

Gamco Investors INC. ET AL decreased its position in Vulcan Materials Company (NYSE:VMC) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,095 shares of the construction company’s stock after selling 4,018 shares during the period. Gamco Investors INC. ET AL’s holdings in Vulcan Materials were worth $7,728,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Westside Investment Management Inc. grew its stake in shares of Vulcan Materials by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after buying an additional 42 shares during the period. NBT Bank N A NY purchased a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $26,000. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Vulcan Materials in the 3rd quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Vulcan Materials in the 3rd quarter valued at approximately $30,000. Finally, Godsey & Gibb Inc. purchased a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on VMC shares. Morgan Stanley dropped their price target on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Truist Financial increased their price objective on shares of Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Wall Street Zen raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Citigroup lowered their price objective on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $330.58.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,137 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $303.72, for a total transaction of $345,329.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.65% of the stock is currently owned by company insiders.

Vulcan Materials Stock Performance

NYSE:VMC opened at $259.43 on Wednesday. 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 stock has a market capitalization of $33.66 billion, a P/E ratio of 30.85, a PEG ratio of 1.93 and a beta of 1.09. The company has a 50 day moving average price of $279.35 and a 200 day moving average price of $291.56. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $1.00 EPS. Equities research analysts forecast that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Dividend Announcement

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

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.