Amundi Has $108.03 Million Stake in Vulcan Materials Company $VMC

Amundi increased its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 78.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 406,570 shares of the construction company’s stock after buying an additional 179,086 shares during the period. Amundi owned 0.31% of Vulcan Materials worth $108,030,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Pension Service grew its position in shares of Vulcan Materials by 0.8% during the 2nd quarter. National Pension Service now owns 175,458 shares of the construction company’s stock worth $45,763,000 after buying an additional 1,455 shares during the period. JPMorgan Chase & Co. raised its position in shares of Vulcan Materials by 12.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,824,987 shares of the construction company’s stock valued at $2,040,914,000 after acquiring an additional 857,210 shares during the period. American Century Companies Inc. boosted its stake in Vulcan Materials by 19.3% during the 2nd quarter. American Century Companies Inc. now owns 256,789 shares of the construction company’s stock worth $66,976,000 after acquiring an additional 41,504 shares during the last quarter. Schroder Investment Management Group boosted its stake in Vulcan Materials by 57.9% during the 2nd quarter. Schroder Investment Management Group now owns 415,993 shares of the construction company’s stock worth $108,499,000 after acquiring an additional 152,495 shares during the last quarter. Finally, F m Investments LLC acquired a new position in Vulcan Materials during the second quarter valued at approximately $4,012,000. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Up 0.5%

Shares of Vulcan Materials stock opened at $295.13 on Monday. The firm has a market cap of $39.00 billion, a PE ratio of 35.05, a P/E/G ratio of 2.41 and a beta of 1.06. The business’s 50 day simple moving average is $294.21 and its 200 day simple moving average is $283.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.56 and a current ratio of 2.23. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $311.74.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.12. Vulcan Materials had a net margin of 14.19% and a return on equity of 13.47%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the business earned $2.22 EPS. The business’s quarterly revenue was up 14.4% on a year-over-year basis. On average, analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Monday, November 10th were given a $0.49 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is 23.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Citigroup cut their target price on shares of Vulcan Materials from $356.00 to $342.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Stifel Nicolaus set a $327.00 price objective on shares of Vulcan Materials in a research report on Monday, November 3rd. Wells Fargo & Company upgraded Vulcan Materials to a “hold” rating in a report on Wednesday, October 8th. Raymond James Financial boosted their target price on Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Finally, JPMorgan Chase & Co. increased their price target on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $317.58.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $288.55, for a total value of $577,100.00. Following the completion of the transaction, the senior vice president owned 832 shares in the company, valued at $240,073.60. This trade represents a 70.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thompson S. Baker II sold 4,853 shares of Vulcan Materials stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $295.63, for a total value of $1,434,692.39. Following the completion of the sale, the president directly owned 41,485 shares in the company, valued at approximately $12,264,210.55. This represents a 10.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 13,369 shares of company stock worth $3,920,556 over the last quarter. Company insiders own 0.61% of the company’s stock.

About Vulcan Materials

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.