Amundi Has $53.96 Million Stock Holdings in Vulcan Materials Company $VMC

Key Points

• Amundi reduced its holdings in Vulcan Materials Company by 52.8%, selling 254,210 shares to own 227,484 shares valued at approximately $53.96 million as of the most recent reporting.
• Vulcan Materials reported a Q2 EPS of $2.45, falling short of estimates, with revenues of $2.10 billion, slightly below the expected $2.23 billion.
• Analysts have varying price targets for Vulcan Materials, with JPMorgan raising their target from $285 to $330, while the consensus price target stands at $308.36.

Amundi cut its holdings in Vulcan Materials Company (NYSE:VMC - Free Report) by 52.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,484 shares of the construction company's stock after selling 254,210 shares during the period. Amundi owned approximately 0.17% of Vulcan Materials worth $53,955,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Vulcan Materials by 62.5% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 533,498 shares of the construction company's stock worth $124,465,000 after buying an additional 205,100 shares during the period. Alkeon Capital Management LLC boosted its holdings in Vulcan Materials by 4.4% during the first quarter. Alkeon Capital Management LLC now owns 1,338,346 shares of the construction company's stock valued at $312,236,000 after purchasing an additional 56,345 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its position in Vulcan Materials by 4.4% in the first quarter. Federation des caisses Desjardins du Quebec now owns 6,829 shares of the construction company's stock valued at $1,593,000 after acquiring an additional 288 shares during the period. Focus Partners Advisor Solutions LLC grew its holdings in shares of Vulcan Materials by 21.7% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 4,468 shares of the construction company's stock worth $1,042,000 after purchasing an additional 798 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Vulcan Materials by 3.2% during the first quarter. Royal Bank of Canada now owns 345,297 shares of the construction company's stock worth $80,560,000 after buying an additional 10,736 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Up 0.8%

VMC opened at $294.64 on Friday. The stock's fifty day simple moving average is $278.81 and its 200 day simple moving average is $260.58. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The stock has a market cap of $38.93 billion, a PE ratio of 41.15, a price-to-earnings-growth ratio of 2.41 and a beta of 0.86. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $298.31.

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

Vulcan Materials Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently commented on VMC shares. JPMorgan Chase & Co. increased their target price on Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a report on Tuesday, August 26th. Royal Bank Of Canada lowered their target price on shares of Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. UBS Group upgraded Vulcan Materials from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $280.00 to $318.00 in a research report on Friday, May 16th. Morgan Stanley decreased their price target on shares of Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a report on Monday, July 28th. Finally, Barclays increased their target price on 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's stock. According to data from MarketBeat.com, Vulcan Materials has an average rating of "Buy" and a consensus price target of $308.36.

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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