Banco Bilbao Vizcaya Argentaria S.A. Acquires 10,135 Shares of Vulcan Materials Company $VMC

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Vulcan Materials by 34.4% during the first quarter, totaling approximately $9.25 million in holdings.
• Vulcan Materials' quarterly earnings showed an EPS of $2.45, falling short of analyst expectations, while revenue decreased compared to forecasts, at $2.10 billion.
• The company has recently declared a quarterly dividend of $0.49 per share, expected to yield 0.7% annually, with a payout ratio of 27.37%.

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Vulcan Materials Company (NYSE:VMC - Free Report) by 34.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,585 shares of the construction company's stock after purchasing an additional 10,135 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Vulcan Materials were worth $9,252,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in shares of Vulcan Materials in the 1st quarter valued at $27,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Vulcan Materials in the 4th quarter valued at $35,000. Manchester Capital Management LLC boosted its holdings in shares of Vulcan Materials by 26.9% in the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock valued at $43,000 after purchasing an additional 39 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Vulcan Materials in the 1st quarter valued at $45,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Vulcan Materials in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VMC shares. Citigroup reissued a "buy" rating and set a $321.00 price objective (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Royal Bank Of Canada cut their price objective on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Raymond James Financial cut their price objective on Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Stephens set a $315.00 price objective on Vulcan Materials and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Stifel Nicolaus raised their price objective on Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $304.27.

Vulcan Materials Trading Up 1.4%

NYSE:VMC traded up $4.0170 during trading hours on Friday, hitting $292.2970. 529,856 shares of the company were exchanged, compared to its average volume of 1,045,533. The stock has a market capitalization of $38.62 billion, a price-to-earnings ratio of 40.82, a price-to-earnings-growth ratio of 2.36 and a beta of 0.83. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a one year low of $215.08 and a one year high of $298.31. The company has a fifty day simple moving average of $272.36 and a 200 day simple moving average of $259.19.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share (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 firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.35 earnings per share. Sell-side analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

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

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.