Vulcan Materials Company $VMC Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its position in shares of Vulcan Materials Company (NYSE:VMCFree Report) by 82.0% during the 4th quarter, Holdings Channel reports. The firm owned 25,934 shares of the construction company’s stock after purchasing an additional 11,681 shares during the period. Rockefeller Capital Management L.P.’s holdings in Vulcan Materials were worth $7,397,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VMC. Corient Private Wealth LLC lifted its holdings in shares of Vulcan Materials by 29.4% in the fourth quarter. Corient Private Wealth LLC now owns 23,362 shares of the construction company’s stock valued at $6,664,000 after buying an additional 5,301 shares during the period. Hsbc Holdings PLC grew its holdings in Vulcan Materials by 2.2% during the fourth quarter. Hsbc Holdings PLC now owns 223,520 shares of the construction company’s stock worth $63,842,000 after acquiring an additional 4,847 shares during the period. Reflection Asset Management bought a new stake in Vulcan Materials in the fourth quarter worth about $37,000. MidFirst Bank bought a new stake in Vulcan Materials in the fourth quarter worth about $2,177,000. Finally, Virtu Financial LLC acquired a new stake in Vulcan Materials in the 4th quarter valued at about $617,000. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on VMC shares. Morgan Stanley reduced their price objective on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Stephens increased their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $333.00 target price on shares of Vulcan Materials in a research note on Thursday, April 30th. Oppenheimer assumed coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They issued a “market perform” rating on the stock. Finally, Citigroup dropped their price target on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $326.92.

Check Out Our Latest Research Report on VMC

Insider Activity

In related news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the sale, the senior vice president owned 8,716 shares in the company, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their position. 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 owned by corporate insiders.

Vulcan Materials Trading Up 1.9%

NYSE:VMC opened at $313.19 on Friday. The stock has a fifty day simple moving average of $285.14 and a 200 day simple moving average of $290.59. The firm has a market capitalization of $40.64 billion, a price-to-earnings ratio of 37.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMCGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company earned $1.00 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Sell-side analysts forecast that Vulcan Materials Company will post 9.28 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.52 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is currently 24.73%.

Vulcan Materials Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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