Teacher Retirement System of Texas Has $2.37 Million Holdings in Vulcan Materials (NYSE:VMC)

Teacher Retirement System of Texas decreased its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 73.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,213 shares of the construction company's stock after selling 25,148 shares during the period. Teacher Retirement System of Texas' holdings in Vulcan Materials were worth $2,370,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Vulcan Materials by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock worth $1,332,431,000 after acquiring an additional 884,580 shares during the period. Proficio Capital Partners LLC grew its position in shares of Vulcan Materials by 28,529.4% in the fourth quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company's stock valued at $134,694,000 after purchasing an additional 521,802 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Vulcan Materials in the fourth quarter worth about $74,760,000. HighTower Advisors LLC lifted its position in shares of Vulcan Materials by 125.0% during the 4th quarter. HighTower Advisors LLC now owns 335,984 shares of the construction company's stock worth $86,425,000 after purchasing an additional 186,641 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Vulcan Materials by 32.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company's stock worth $184,353,000 after purchasing an additional 178,634 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

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Vulcan Materials Price Performance

NYSE:VMC traded down $4.64 during mid-day trading on Friday, hitting $232.90. The company's stock had a trading volume of 1,009,763 shares, compared to its average volume of 870,974. The company has a market capitalization of $30.81 billion, a price-to-earnings ratio of 34.00, a P/E/G ratio of 2.03 and a beta of 0.80. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. Vulcan Materials has a fifty-two week low of $215.08 and a fifty-two week high of $298.31. The stock has a fifty day moving average of $253.92 and a 200-day moving average of $260.80.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.41. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.81 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. During the same period in the prior year, the firm posted $1.46 EPS. As a group, equities analysts forecast that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.49 per share. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 0.84%. The ex-dividend date was Monday, March 10th. Vulcan Materials's dividend payout ratio is currently 28.61%.

Analysts Set New Price Targets

Several brokerages have commented on VMC. Raymond James dropped their price target on Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating on the stock in a research report on Thursday, January 16th. Citigroup lowered their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada upped their target price on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 19th. Seaport Res Ptn upgraded shares of Vulcan Materials to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Stifel Nicolaus assumed coverage on shares of Vulcan Materials in a report on Tuesday, March 4th. They set a "buy" rating and a $287.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $302.67.

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.