CANADA LIFE ASSURANCE Co Buys 3,121 Shares of Vulcan Materials (NYSE:VMC)

CANADA LIFE ASSURANCE Co raised its position in Vulcan Materials (NYSE:VMC) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,327 shares of the construction company’s stock after buying an additional 3,121 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Vulcan Materials were worth $25,201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Independent Advisor Alliance lifted its position in shares of Vulcan Materials by 1.2% during the 4th quarter. Independent Advisor Alliance now owns 6,411 shares of the construction company’s stock worth $1,455,000 after buying an additional 73 shares during the last quarter. Strs Ohio lifted its holdings in shares of Vulcan Materials by 6.3% in the fourth quarter. Strs Ohio now owns 74,103 shares of the construction company’s stock worth $16,822,000 after acquiring an additional 4,412 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Vulcan Materials by 621.1% in the first quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock worth $64,581,000 after acquiring an additional 203,166 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Vulcan Materials by 150.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,006 shares of the construction company’s stock valued at $1,093,000 after purchasing an additional 2,404 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Vulcan Materials by 4.2% during the 4th quarter. California State Teachers Retirement System now owns 229,757 shares of the construction company’s stock valued at $52,157,000 after purchasing an additional 9,193 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $253.77 on Friday. The stock has a market capitalization of $33.56 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 2.09 and a beta of 0.82. Vulcan Materials has a 52-week low of $190.51 and a 52-week high of $276.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 2.74. The stock’s 50 day moving average price is $251.98 and its two-hundred day moving average price is $253.22.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.11). Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. The company’s revenue was down 6.2% compared to the same quarter last year. On average, equities analysts predict that Vulcan Materials will post 8.32 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Thursday, August 15th. Vulcan Materials’s dividend payout ratio is currently 26.86%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup dropped their price objective on shares of Vulcan Materials from $322.00 to $297.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. Jefferies Financial Group increased their target price on Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Truist Financial upped their price objective on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Loop Capital decreased their price target on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Finally, Stephens boosted their price objective on shares of Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $277.08.

Insider Transactions at Vulcan Materials

In other news, SVP David P. Clement sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $254.50, for a total value of $254,500.00. Following the completion of the transaction, the senior vice president now directly owns 2,660 shares of the company’s stock, valued at $676,970. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Vulcan Materials news, SVP David P. Clement sold 1,000 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $254.50, for a total value of $254,500.00. Following the completion of the transaction, the senior vice president now owns 2,660 shares in the company, valued at approximately $676,970. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thompson S. Baker II sold 8,600 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $272.95, for a total value of $2,347,370.00. Following the sale, the president now directly owns 1,300 shares of the company’s stock, valued at $354,835. The disclosure for this sale can be found here. Insiders sold a total of 17,210 shares of company stock valued at $4,653,520 over the last ninety days. 0.62% of the stock is currently owned by insiders.

Vulcan Materials 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.