BNP Paribas Financial Markets Buys 77,843 Shares of Vulcan Materials (NYSE:VMC)

BNP Paribas Financial Markets increased its holdings in shares of Vulcan Materials (NYSE:VMC) by 55.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 217,495 shares of the construction company’s stock after purchasing an additional 77,843 shares during the period. BNP Paribas Financial Markets’ holdings in Vulcan Materials were worth $54,467,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VMC. Principal Financial Group Inc. boosted its stake in shares of Vulcan Materials by 19.9% during the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after purchasing an additional 884,580 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Vulcan Materials by 18.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock valued at $533,551,000 after purchasing an additional 330,433 shares in the last quarter. Ceredex Value Advisors LLC boosted its stake in shares of Vulcan Materials by 136.3% during the third quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company’s stock valued at $89,117,000 after purchasing an additional 205,260 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Vulcan Materials by 1,191.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,005 shares of the construction company’s stock valued at $39,541,000 after purchasing an additional 146,695 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Vulcan Materials by 136.1% during the second quarter. AQR Capital Management LLC now owns 184,471 shares of the construction company’s stock valued at $45,874,000 after purchasing an additional 106,324 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VMC shares. Truist Financial increased their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays increased their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. UBS Group assumed coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price for the company. Citigroup decreased their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Stephens decreased their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $283.92.

Vulcan Materials Stock Down 0.7 %

NYSE:VMC opened at $286.39 on Friday. The firm has a market capitalization of $37.82 billion, a P/E ratio of 45.17, a PEG ratio of 2.77 and a beta of 0.81. Vulcan Materials has a 1-year low of $209.60 and a 1-year high of $298.31. The company’s fifty day moving average price is $264.56 and its 200-day moving average price is $255.23. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm’s revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.29 EPS. As a group, equities research analysts anticipate that Vulcan Materials will post 7.16 EPS for the current year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 4th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.84 annualized dividend and a yield of 0.64%. Vulcan Materials’s dividend payout ratio is presently 29.02%.

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.