3,733 Shares in Vulcan Materials Company (NYSE:VMC) Acquired by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise acquired 3,733 shares of Vulcan Materials Company (NYSE:VMC) worth approximately $870,000 in the first quarter.
• Vulcan Materials reported earnings of $2.45 per share for the last quarter, missing the consensus estimate by $0.20, with revenue up 4.4% year-over-year.
• The company announced a quarterly dividend of $0.49 per share, with a dividend yield of 0.7%, to be paid on September 3rd.

Banque Cantonale Vaudoise bought a new stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,733 shares of the construction company's stock, valued at approximately $870,000.

A number of other institutional investors and hedge funds have also modified their holdings of VMC. Premier Fund Managers Ltd increased its holdings in Vulcan Materials by 20.0% in the 1st quarter. Premier Fund Managers Ltd now owns 240,096 shares of the construction company's stock worth $55,891,000 after buying an additional 40,096 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Vulcan Materials by 41.9% in the first quarter. Federated Hermes Inc. now owns 63,090 shares of the construction company's stock worth $14,719,000 after acquiring an additional 18,643 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Vulcan Materials during the first quarter valued at approximately $154,000. Meeder Advisory Services Inc. lifted its position in Vulcan Materials by 3.9% during the first quarter. Meeder Advisory Services Inc. now owns 4,134 shares of the construction company's stock valued at $964,000 after purchasing an additional 155 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Vulcan Materials by 16.5% in the first quarter. Mackenzie Financial Corp now owns 82,564 shares of the construction company's stock worth $19,262,000 after purchasing an additional 11,679 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Up 1.0%

VMC opened at $275.41 on Friday. The stock has a market cap of $36.38 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 2.41 and a beta of 0.82. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.51 and a current ratio of 2.42. The firm's fifty day moving average is $265.23 and its 200 day moving average is $257.53. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a net margin of 12.50% and a return on equity of 12.91%. The business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter in the previous year, the firm earned $2.35 earnings per share. Vulcan Materials's revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 14th. Vulcan Materials's dividend payout ratio is 27.80%.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 1,500 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $270.00, for a total value of $405,000.00. Following the sale, the senior vice president directly owned 2,832 shares in the company, valued at approximately $764,640. The trade was a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

VMC has been the subject of a number of research reports. Raymond James Financial decreased their target price on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Argus raised Vulcan Materials to a "strong-buy" rating in a report on Thursday, April 24th. Wolfe Research upgraded Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research note on Thursday, April 10th. Stephens set a $315.00 price target on shares of Vulcan Materials and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus raised their price objective on shares of Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $301.27.

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.

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