Vulcan Materials (NYSE:VMC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its position in Vulcan Materials (NYSE:VMCFree Report) by 15.6% in the 4th quarter, Holdings Channel reports. The fund owned 67,325 shares of the construction company’s stock after selling 12,488 shares during the period. BNP Paribas Financial Markets’ holdings in Vulcan Materials were worth $15,283,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC acquired a new position in Vulcan Materials during the third quarter worth $503,000. Fifth Third Bancorp increased its holdings in shares of Vulcan Materials by 12.1% in the 3rd quarter. Fifth Third Bancorp now owns 3,252 shares of the construction company’s stock valued at $657,000 after purchasing an additional 351 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Vulcan Materials by 52.3% in the third quarter. Teacher Retirement System of Texas now owns 108,486 shares of the construction company’s stock valued at $21,916,000 after purchasing an additional 37,261 shares during the period. New Mexico Educational Retirement Board boosted its holdings in Vulcan Materials by 7.8% during the third quarter. New Mexico Educational Retirement Board now owns 6,919 shares of the construction company’s stock worth $1,398,000 after buying an additional 500 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Vulcan Materials by 19.0% during the third quarter. Daiwa Securities Group Inc. now owns 26,824 shares of the construction company’s stock worth $5,419,000 after buying an additional 4,291 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of research reports. Citigroup lifted their price target on shares of Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Truist Financial lifted their price objective on Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group boosted their target price on Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Royal Bank of Canada raised their price target on Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average target price of $277.08.

View Our Latest Stock Analysis on VMC

Vulcan Materials Price Performance

Vulcan Materials stock opened at $270.50 on Thursday. The firm’s 50-day moving average is $266.13 and its two-hundred day moving average is $240.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81. The stock has a market capitalization of $35.77 billion, a P/E ratio of 39.49, a P/E/G ratio of 2.02 and a beta of 0.83. Vulcan Materials has a 12-month low of $190.51 and a 12-month high of $276.58.

Vulcan Materials (NYSE:VMCGet Free Report) last released its earnings results on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.11). The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The firm’s revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. Equities analysts predict that Vulcan Materials will post 8.51 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.84 annualized dividend and a yield of 0.68%. Vulcan Materials’s payout ratio is currently 26.86%.

Insider Buying and Selling

In related news, President Thompson S. Baker II sold 8,600 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, President Thompson S. Baker II sold 8,600 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $272.95, for a total value of $2,347,370.00. Following the transaction, the president now directly owns 1,300 shares of the company’s stock, valued at approximately $354,835. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Melissa H. Anderson sold 1,200 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $260.48, for a total value of $312,576.00. Following the sale, the director now directly owns 330 shares of the company’s stock, valued at approximately $85,958.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,227 shares of company stock worth $7,494,261. 0.61% of the stock is owned by company insiders.

Vulcan Materials Company Profile

(Free Report)

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.

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

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