Tema Etfs LLC Decreases Holdings in Vulcan Materials Company $VMC

Tema Etfs LLC decreased its stake in Vulcan Materials Company (NYSE:VMC) by 45.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,738 shares of the construction company’s stock after selling 10,661 shares during the quarter. Tema Etfs LLC’s holdings in Vulcan Materials were worth $3,633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Vulcan Materials by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock valued at $5,293,274,000 after buying an additional 311,539 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Vulcan Materials by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,924,285 shares of the construction company’s stock worth $2,437,669,000 after buying an additional 99,298 shares in the last quarter. Principal Financial Group Inc. increased its stake in Vulcan Materials by 5.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock worth $2,345,703,000 after buying an additional 414,828 shares in the last quarter. State Street Corp raised its holdings in shares of Vulcan Materials by 1.7% during the second quarter. State Street Corp now owns 5,558,791 shares of the construction company’s stock valued at $1,449,844,000 after acquiring an additional 95,256 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Vulcan Materials by 0.4% during the third quarter. Bank of America Corp DE now owns 2,318,474 shares of the construction company’s stock valued at $713,209,000 after acquiring an additional 9,030 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,137 shares of Vulcan Materials stock in a transaction on Friday, February 20th. The stock was sold at an average price of $303.72, for a total transaction of $345,329.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.62% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on VMC shares. B. Riley Financial started coverage on Vulcan Materials in a research note on Thursday, January 15th. They issued a “buy” rating and a $345.00 price target on the stock. Wells Fargo & Company reduced their price objective on Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Barclays decreased their price objective on Vulcan Materials from $320.00 to $296.00 and set an “overweight” rating on the stock in a report on Tuesday. Truist Financial lifted their target price on shares of Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $324.92.

Vulcan Materials Trading Up 2.8%

Shares of Vulcan Materials stock opened at $279.98 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.69 and a quick ratio of 1.97. The stock’s 50 day simple moving average is $292.79 and its 200-day simple moving average is $294.27. The stock has a market cap of $36.53 billion, a P/E ratio of 34.48, a P/E/G ratio of 1.90 and a beta of 1.05. Vulcan Materials Company has a 1-year low of $218.87 and a 1-year high of $331.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.41). Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the business posted $2.17 EPS. Vulcan Materials’s revenue for the quarter was up 3.2% compared to the same quarter last year. Analysts predict that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were paid a $0.52 dividend. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, March 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio is 25.62%.

About Vulcan Materials

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.