Y Intercept Hong Kong Ltd Cuts Position in Vulcan Materials Company $VMC

Y Intercept Hong Kong Ltd decreased its holdings in Vulcan Materials Company (NYSE:VMC) by 19.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,375 shares of the construction company’s stock after selling 2,458 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Vulcan Materials were worth $2,825,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Leonteq Securities AG raised its stake in shares of Vulcan Materials by 1,385.7% during the 1st quarter. Leonteq Securities AG now owns 416 shares of the construction company’s stock worth $113,000 after buying an additional 388 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Vulcan Materials by 261.1% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 16,043 shares of the construction company’s stock worth $4,369,000 after acquiring an additional 11,600 shares in the last quarter. Elevation Point Wealth Partners LLC increased its holdings in Vulcan Materials by 45.6% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 3,195 shares of the construction company’s stock worth $870,000 after acquiring an additional 1,001 shares in the last quarter. Root Financial Partners LLC raised its position in Vulcan Materials by 22.9% during the first quarter. Root Financial Partners LLC now owns 360 shares of the construction company’s stock worth $98,000 after acquiring an additional 67 shares during the period. Finally, Fulton Bank N.A. lifted its holdings in Vulcan Materials by 5.8% during the first quarter. Fulton Bank N.A. now owns 1,064 shares of the construction company’s stock valued at $290,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

NYSE VMC opened at $300.01 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. The stock’s fifty day moving average is $286.88 and its two-hundred day moving average is $291.04. The firm has a market capitalization of $38.93 billion, a P/E ratio of 35.67, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 EPS. On average, research analysts anticipate that Vulcan Materials Company will post 9.27 earnings per share for the current year.

Vulcan Materials Announces Dividend

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

Analyst Upgrades and Downgrades

VMC has been the subject of a number of research reports. Raymond James Financial set a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, April 30th. Wall Street Zen raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley decreased their price objective on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Royal Bank Of Canada dropped their target price on shares of Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating for the company in a report on Tuesday, June 30th. Finally, Barclays increased their target price on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $326.54.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 2,212 shares of the firm’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 transaction of $646,545.48. Following the completion of the sale, the senior vice president owned 8,716 shares in the company, valued at $2,547,599.64. This trade represents a 20.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.65% of the stock is currently owned by company insiders.

Vulcan Materials Company Profile

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.