Candriam S.C.A. Has $1.86 Million Holdings in Vulcan Materials Company $VMC

Key Points

• Candriam S.C.A. reduced its holdings in Vulcan Materials Company by 15.2%, now owning 7,964 shares worth approximately $1.86 million.
• Vulcan Materials reported earnings per share of $2.45, missing estimates, alongside a quarterly revenue of $2.10 billion.
• Over 90% of Vulcan Materials' stock is owned by institutional investors, with several firms significantly increasing their positions in the last quarter.

Candriam S.C.A. reduced its position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 15.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,964 shares of the construction company's stock after selling 1,422 shares during the period. Candriam S.C.A.'s holdings in Vulcan Materials were worth $1,858,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in Vulcan Materials by 239.8% during the 4th quarter. BNP Paribas Financial Markets now owns 739,003 shares of the construction company's stock worth $190,094,000 after acquiring an additional 521,508 shares during the last quarter. Alkeon Capital Management LLC boosted its position in Vulcan Materials by 54.1% during the 4th quarter. Alkeon Capital Management LLC now owns 1,282,001 shares of the construction company's stock worth $329,769,000 after acquiring an additional 450,000 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Vulcan Materials by 7.4% during 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 purchasing an additional 445,691 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Vulcan Materials by 29,580.1% during the first quarter. GAMMA Investing LLC now owns 398,010 shares of the construction company's stock worth $92,856,000 after purchasing an additional 396,669 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Vulcan Materials by 5.6% during the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company's stock worth $1,625,583,000 after purchasing an additional 370,434 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

NYSE VMC opened at $292.2970 on Friday. The firm has a 50-day moving average of $272.36 and a 200-day moving average of $259.08. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The stock has a market cap of $38.62 billion, a PE ratio of 40.82, a P/E/G ratio of 2.39 and a beta of 0.83. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $298.31.

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 for the quarter, missing the consensus estimate of $2.65 by ($0.20). The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The business's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.35 earnings per share. On average, sell-side analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be paid a $0.49 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.96 annualized dividend and a yield of 0.7%. Vulcan Materials's payout ratio is 27.37%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VMC shares. Stifel Nicolaus increased their price objective on shares of Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Barclays increased their price objective 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. Morgan Stanley reduced their price target on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a research report on Monday, July 28th. Citigroup reissued a "buy" rating and issued a $321.00 price objective (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Finally, Raymond James Financial cut their price objective on Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Vulcan Materials has an average rating of "Buy" and an average price target of $304.27.

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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