Public Employees Retirement System of Ohio Sells 3,931 Shares of Vulcan Materials (NYSE:VMC)

Public Employees Retirement System of Ohio decreased its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,796 shares of the construction company's stock after selling 3,931 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Vulcan Materials were worth $14,474,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VMC. Principal Financial Group Inc. raised its position in Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock valued at $1,332,431,000 after purchasing an additional 884,580 shares during the last quarter. State Street Corp raised its holdings in Vulcan Materials by 1.2% in the 3rd quarter. State Street Corp now owns 5,281,102 shares of the construction company's stock valued at $1,322,546,000 after buying an additional 65,163 shares during the last quarter. FMR LLC raised its holdings in Vulcan Materials by 2.2% in the 3rd quarter. FMR LLC now owns 3,660,931 shares of the construction company's stock valued at $916,807,000 after buying an additional 78,271 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Vulcan Materials by 18.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company's stock worth $533,551,000 after buying an additional 330,433 shares during the period. Finally, Stockbridge Partners LLC grew its holdings in Vulcan Materials by 9.6% during the 3rd quarter. Stockbridge Partners LLC now owns 1,568,564 shares of the construction company's stock worth $392,815,000 after acquiring an additional 137,365 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on VMC. Truist Financial raised their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, November 27th. StockNews.com raised Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Barclays raised their price objective on Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Finally, UBS Group assumed coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a "buy" rating and a $349.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $283.92.

Vulcan Materials Trading Up 1.2 %

Shares of NYSE:VMC traded up $3.25 during mid-day trading on Wednesday, hitting $279.56. The company had a trading volume of 744,965 shares, compared to its average volume of 833,470. The company has a market capitalization of $36.92 billion, a PE ratio of 44.10, a price-to-earnings-growth ratio of 2.77 and a beta of 0.81. Vulcan Materials has a one year low of $218.37 and a one year high of $298.31. The firm has a fifty day moving average price of $270.10 and a 200 day moving average price of $256.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. Vulcan Materials's revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 EPS. As a group, research analysts forecast that Vulcan Materials will post 7.16 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.84 annualized dividend and a yield of 0.66%. Vulcan Materials's payout ratio is currently 29.02%.

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.