Banque Cantonale Vaudoise Buys 1,533 Shares of Vulcan Materials (NYSE:VMC)

Banque Cantonale Vaudoise boosted its stake in shares of Vulcan Materials (NYSE:VMC) by 140.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,624 shares of the construction company’s stock after buying an additional 1,533 shares during the period. Banque Cantonale Vaudoise’s holdings in Vulcan Materials were worth $652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMC. Capital World Investors bought a new position in Vulcan Materials during the 1st quarter valued at approximately $388,027,000. Norges Bank bought a new position in Vulcan Materials during the 4th quarter valued at approximately $282,528,000. Vanguard Group Inc. increased its position in Vulcan Materials by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock valued at $4,368,273,000 after buying an additional 755,991 shares in the last quarter. Point72 Asset Management L.P. increased its position in Vulcan Materials by 271.0% during the 4th quarter. Point72 Asset Management L.P. now owns 823,141 shares of the construction company’s stock valued at $186,861,000 after buying an additional 601,268 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Vulcan Materials by 621.1% during the 1st quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock valued at $64,581,000 after buying an additional 203,166 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 1,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $249.50, for a total value of $249,500.00. Following the transaction, the senior vice president now directly owns 1,660 shares in the company, valued at $414,170. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Stephens reduced their target price on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Citigroup reduced their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Loop Capital reduced their target price on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Finally, Truist Financial reduced their target price on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $274.73.

Vulcan Materials Price Performance

NYSE VMC opened at $245.21 on Monday. The company has a market capitalization of $32.38 billion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 2.25 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48. The business’s fifty day moving average is $250.44 and its 200 day moving average is $257.59. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $278.79.

Vulcan Materials (NYSE:VMC) last released its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing the consensus estimate of $2.47 by ($0.12). The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. Vulcan Materials’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.29 earnings per share. Sell-side analysts predict that Vulcan Materials will post 7.82 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 15th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.84 annualized dividend and a yield of 0.75%. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.86%.

Vulcan Materials Company 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.