Zurcher Kantonalbank Zurich Cantonalbank Decreases Stake in Vulcan Materials Company $VMC

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in Vulcan Materials Company (NYSE:VMC) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,462 shares of the construction company’s stock after selling 6,040 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vulcan Materials were worth $8,403,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fulton Bank N.A. boosted its stake in Vulcan Materials by 4.1% in the third quarter. Fulton Bank N.A. now owns 960 shares of the construction company’s stock valued at $295,000 after acquiring an additional 38 shares in the last quarter. Harfst & Associates Inc. lifted its stake in Vulcan Materials by 0.6% in the third quarter. Harfst & Associates Inc. now owns 6,416 shares of the construction company’s stock valued at $1,974,000 after buying an additional 38 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in Vulcan Materials by 5.5% in the fourth quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock valued at $206,000 after buying an additional 38 shares during the last quarter. United Capital Financial Advisors LLC lifted its stake in Vulcan Materials by 1.2% in the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock valued at $952,000 after buying an additional 38 shares during the last quarter. Finally, Massachusetts Wealth Management lifted its stake in Vulcan Materials by 0.7% in the third quarter. Massachusetts Wealth Management now owns 5,470 shares of the construction company’s stock valued at $1,683,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $292.82 on Friday. The stock has a market cap of $38.20 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 2.18 and a beta of 1.10. Vulcan Materials Company has a 52 week low of $241.91 and a 52 week high of $331.09. The company’s 50-day moving average price is $286.16 and its 200 day moving average price is $293.29. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Tuesday, February 17th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.95 billion. Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. Vulcan Materials’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.17 earnings per share. As a group, research analysts forecast that Vulcan Materials Company will post 9.17 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 23rd. Stockholders of record on Monday, March 9th were paid a dividend of $0.52 per share. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, March 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio is 25.62%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VMC. Truist Financial lifted their target price on Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. DA Davidson lowered their target price on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. B. Riley Financial assumed coverage on shares of Vulcan Materials in a research note on Thursday, January 15th. They issued a “buy” rating and a $345.00 target price for the company. Wall Street Zen cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Finally, Morgan Stanley lowered their price target on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $324.08.

Insider Buying and Selling at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of the firm’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is currently owned by company insiders.

Vulcan Materials Company 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.