IBM Retirement Fund lifted its position in Vulcan Materials (NYSE:VMC) by 64.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,245 shares of the construction company’s stock after purchasing an additional 1,268 shares during the period. IBM Retirement Fund’s holdings in Vulcan Materials were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in VMC. Third Point LLC boosted its stake in shares of Vulcan Materials by 46.9% in the 3rd quarter. Third Point LLC now owns 2,350,000 shares of the construction company’s stock worth $281,060,000 after buying an additional 750,000 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Vulcan Materials by 116.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,038,752 shares of the construction company’s stock worth $124,235,000 after buying an additional 558,900 shares during the last quarter. CI Investments Inc. purchased a new position in shares of Vulcan Materials in the 3rd quarter worth $55,271,000. Principal Financial Group Inc. boosted its stake in shares of Vulcan Materials by 71.2% in the 3rd quarter. Principal Financial Group Inc. now owns 949,062 shares of the construction company’s stock worth $113,508,000 after buying an additional 394,854 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Vulcan Materials by 17.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,385,223 shares of the construction company’s stock worth $285,272,000 after buying an additional 354,498 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

In related news, insider Michael R. Mills sold 4,659 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $133.25, for a total value of $620,811.75. Following the transaction, the insider now directly owns 45,351 shares of the company’s stock, valued at approximately $6,043,020.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael R. Mills sold 3,738 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total value of $502,985.28. Following the completion of the transaction, the insider now directly owns 44,581 shares in the company, valued at $5,998,819.36. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on the company. Bank of America raised their price target on Vulcan Materials from $129.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Jefferies Group restated a “hold” rating and issued a $135.00 price target on shares of Vulcan Materials in a research note on Wednesday, January 17th. Zacks Investment Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Sunday, January 21st. Citigroup raised their price target on Vulcan Materials from $144.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Stephens restated a “buy” rating and issued a $158.00 price target on shares of Vulcan Materials in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $146.13.

Vulcan Materials (NYSE VMC) opened at $125.00 on Monday. Vulcan Materials has a twelve month low of $108.95 and a twelve month high of $141.20. The company has a market capitalization of $16,535.56, a price-to-earnings ratio of 42.09, a P/E/G ratio of 1.83 and a beta of 0.84. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a $0.28 dividend. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a yield of 0.90%. Vulcan Materials’s dividend payout ratio (DPR) is currently 34.97%.

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Vulcan Materials Company Profile

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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