AG2R LA Mondiale Gestion D Actifs Invests $1.68 Million in Vulcan Materials Company $VMC

Key Points

• AG2R LA Mondiale Gestion D Actifs invested approximately $1.68 million in Vulcan Materials Company by acquiring 7,181 shares during the first quarter, according to their recent SEC filing.
• Vulcan Materials recently reported earnings per share (EPS) of $2.45 for the last quarter, missing analysts' estimate of $2.65, with a revenue of $2.10 billion compared to an expected $2.23 billion.
• The company declared a quarterly dividend of $0.49, reflecting an annualized dividend of $1.96 with a yield of 0.7%.

AG2R LA Mondiale Gestion D Actifs acquired a new position in Vulcan Materials Company (NYSE:VMC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,181 shares of the construction company's stock, valued at approximately $1,675,000.

Several other hedge funds and other institutional investors have also modified their holdings of VMC. Principal Financial Group Inc. grew its stake in shares of Vulcan Materials by 7.4% in the first quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company's stock worth $1,518,291,000 after acquiring an additional 445,691 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Vulcan Materials by 11,723.8% in the first quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company's stock worth $99,278,000 after acquiring an additional 421,939 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Vulcan Materials by 29,580.1% in the first quarter. GAMMA Investing LLC now owns 398,010 shares of the construction company's stock worth $92,856,000 after acquiring an additional 396,669 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Vulcan Materials by 5.6% in the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company's stock worth $1,625,583,000 after acquiring an additional 370,434 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Vulcan Materials in the first quarter worth $82,659,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Stock Down 2.3%

Shares of NYSE VMC opened at $294.84 on Friday. The stock has a market cap of $38.96 billion, a PE ratio of 41.18, a PEG ratio of 2.46 and a beta of 0.86. The business has a fifty day moving average of $281.99 and a two-hundred day moving average of $262.11. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $302.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.65 by ($0.20). Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the firm earned $2.35 earnings per share. The business's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 14th. Vulcan Materials's payout ratio is currently 27.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley decreased their price target on shares of Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Monday, July 28th. Royal Bank Of Canada decreased their price target on shares of Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Citigroup reiterated a "buy" rating and set a $321.00 price target (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Finally, Barclays lifted their price target on shares of Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $308.36.

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.

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