Credit Agricole S A Acquires 2,724 Shares of Vulcan Materials Company $VMC

Key Points

• Credit Agricole S A increased its holdings in Vulcan Materials Company by 7.6%, adding 2,724 shares during the first quarter, bringing its total to 38,741 shares worth approximately $9 million.
• Vulcan Materials reported a quarterly earnings miss with an EPS of $2.45, which fell short of the consensus estimate of $2.65, while revenue reached $2.10 billion, below expectations of $2.23 billion.
• The company announced a quarterly dividend of $0.49, representing an annualized yield of 0.7%, payable on September 3rd to investors of record on August 14th.

Credit Agricole S A lifted its holdings in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,741 shares of the construction company's stock after purchasing an additional 2,724 shares during the period. Credit Agricole S A's holdings in Vulcan Materials were worth $9,038,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Vulcan Materials by 34.4% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 39,585 shares of the construction company's stock worth $9,252,000 after buying an additional 10,135 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Vulcan Materials during the 1st quarter valued at approximately $1,726,000. Qtron Investments LLC increased its stake in shares of Vulcan Materials by 76.7% during the 1st quarter. Qtron Investments LLC now owns 2,299 shares of the construction company's stock worth $536,000 after purchasing an additional 998 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of Vulcan Materials by 3.9% in the 1st quarter. Aptus Capital Advisors LLC now owns 7,372 shares of the construction company's stock worth $1,720,000 after purchasing an additional 276 shares during the period. Finally, Brooklyn Investment Group raised its holdings in shares of Vulcan Materials by 11.2% in the 1st quarter. Brooklyn Investment Group now owns 980 shares of the construction company's stock worth $229,000 after purchasing an additional 99 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Trading Up 0.7%

Shares of VMC opened at $288.32 on Friday. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $298.31. The stock has a market cap of $38.09 billion, a PE ratio of 40.27, a P/E/G ratio of 2.34 and a beta of 0.83. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. The business's 50-day moving average price is $271.73 and its 200-day moving average price is $259.05.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued 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). The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.23 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. Vulcan Materials's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.35 EPS. On average, equities analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be given 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 is Thursday, August 14th. Vulcan Materials's dividend payout ratio (DPR) is 27.37%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VMC. UBS Group raised Vulcan Materials from a "neutral" rating to a "buy" rating and increased their price objective for the company from $280.00 to $318.00 in a report on Friday, May 16th. Royal Bank Of Canada cut their price target on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Stifel Nicolaus lifted their price objective on Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Stephens set a $315.00 price objective on Vulcan Materials and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Barclays increased their target price on shares of Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price 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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