BNP Paribas Financial Markets Buys 9,031 Shares of Vulcan Materials (NYSE:VMC)

BNP Paribas Financial Markets increased its stake in Vulcan Materials (NYSE:VMCFree Report) by 13.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,356 shares of the construction company’s stock after buying an additional 9,031 shares during the quarter. BNP Paribas Financial Markets owned about 0.06% of Vulcan Materials worth $20,839,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Register Financial Advisors LLC purchased a new position in shares of Vulcan Materials during the 1st quarter worth about $27,000. Exchange Traded Concepts LLC purchased a new position in shares of Vulcan Materials during the fourth quarter valued at approximately $28,000. Opal Wealth Advisors LLC bought a new position in shares of Vulcan Materials during the first quarter valued at approximately $33,000. YHB Investment Advisors Inc. bought a new position in shares of Vulcan Materials during the first quarter valued at approximately $34,000. Finally, Concord Wealth Partners purchased a new stake in shares of Vulcan Materials in the first quarter worth approximately $34,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Loop Capital cut their price objective on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $270.00 price objective (up from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Jefferies Financial Group raised their target price 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. Truist Financial raised 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. Finally, Citigroup increased their price target on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and an average target price of $279.00.

Check Out Our Latest Analysis on VMC

Vulcan Materials Stock Performance

Shares of VMC stock opened at $244.21 on Monday. Vulcan Materials has a 12-month low of $190.51 and a 12-month high of $276.58. The business’s fifty day simple moving average is $255.44 and its 200-day simple moving average is $250.73. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. The company has a market cap of $32.30 billion, a PE ratio of 35.65, a PEG ratio of 1.83 and a beta of 0.82.

Vulcan Materials (NYSE:VMCGet Free Report) last announced its earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.11). Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company earned $0.95 earnings per share. The company’s quarterly revenue was down 6.2% on a year-over-year basis. Analysts expect that Vulcan Materials will post 8.48 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were paid a dividend of $0.46 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.84 annualized dividend and a dividend yield of 0.75%. Vulcan Materials’s payout ratio is currently 26.86%.

Insider Transactions at Vulcan Materials

In other news, President Thompson S. Baker II sold 8,600 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the president now directly owns 1,300 shares in the company, valued at $354,835. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP David P. Clement sold 1,000 shares of Vulcan Materials stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $254.50, for a total transaction of $254,500.00. Following the completion of the transaction, the senior vice president now directly owns 2,660 shares in the company, valued at $676,970. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Thompson S. Baker II sold 8,600 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $272.95, for a total transaction of $2,347,370.00. Following the sale, the president now directly owns 1,300 shares in the company, valued at approximately $354,835. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,210 shares of company stock worth $4,653,520. Company insiders own 0.61% of the company’s stock.

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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