New York State Common Retirement Fund Reduces Holdings in Vulcan Materials (NYSE:VMC)

New York State Common Retirement Fund reduced its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 17.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,462 shares of the construction company's stock after selling 20,200 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of Vulcan Materials worth $23,656,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SouthState Corp lifted its stake in shares of Vulcan Materials by 669.2% during the second quarter. SouthState Corp now owns 100 shares of the construction company's stock worth $25,000 after buying an additional 87 shares during the period. Kings Path Partners LLC acquired a new position in Vulcan Materials during the second quarter valued at $27,000. UMB Bank n.a. lifted its position in Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company's stock valued at $31,000 after purchasing an additional 47 shares during the period. Concord Wealth Partners acquired a new position in Vulcan Materials during the third quarter valued at $35,000. Finally, Manchester Capital Management LLC lifted its position in Vulcan Materials by 1,218.2% during the first quarter. Manchester Capital Management LLC now owns 145 shares of the construction company's stock valued at $40,000 after purchasing an additional 134 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Trading Down 0.4 %

NYSE:VMC traded down $1.07 on Monday, hitting $268.86. The stock had a trading volume of 1,002,683 shares, compared to its average volume of 838,506. The company has a quick ratio of 1.66, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The stock has a market cap of $35.51 billion, a price-to-earnings ratio of 42.41, a PEG ratio of 2.60 and a beta of 0.80. The company has a fifty day moving average price of $248.07 and a two-hundred day moving average price of $252.25. Vulcan Materials has a 1-year low of $206.11 and a 1-year high of $279.47.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the company earned $2.29 earnings per share. Vulcan Materials's quarterly revenue was down 8.3% on a year-over-year basis. Equities research analysts expect that Vulcan Materials will post 7.32 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Monday, November 4th. Vulcan Materials's dividend payout ratio is presently 29.02%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VMC shares. StockNews.com upgraded shares of Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday. Royal Bank of Canada cut their price objective on shares of Vulcan Materials from $267.00 to $257.00 and set a "sector perform" rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. cut their target price on shares of Vulcan Materials from $250.00 to $245.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Barclays upped their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Finally, Citigroup dropped their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $274.75.

Vulcan Materials Company Profile

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.