Vulcan Materials Company $VMC Shares Acquired by Tema Etfs LLC

Key Points

• Tema Etfs LLC increased its holdings in Vulcan Materials Company by 72.3%, now owning a total of 40,810 shares valued at approximately $9.52 million, making it the sixth biggest holding in its portfolio.
• Multiple analysts have raised their price targets for Vulcan Materials, with the consensus price target now at $308.36 and the stock receiving a general rating of "Buy."
• Vulcan Materials has reported $2.10 billion in revenue for its last quarter, which was below analyst estimates, and will distribute a quarterly dividend of $0.49 per share, yielding 0.7%.

Tema Etfs LLC grew its holdings in Vulcan Materials Company (NYSE:VMC - Free Report) by 72.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,810 shares of the construction company's stock after buying an additional 17,128 shares during the period. Vulcan Materials accounts for about 2.8% of Tema Etfs LLC's holdings, making the stock its 6th biggest holding. Tema Etfs LLC's holdings in Vulcan Materials were worth $9,521,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Trexquant Investment LP purchased a new stake in shares of Vulcan Materials in the first quarter valued at about $546,000. BNP Paribas Financial Markets grew its holdings in shares of Vulcan Materials by 10.2% in the first quarter. BNP Paribas Financial Markets now owns 814,038 shares of the construction company's stock valued at $189,915,000 after purchasing an additional 75,035 shares during the period. Ieq Capital LLC grew its holdings in shares of Vulcan Materials by 174.1% in the first quarter. Ieq Capital LLC now owns 21,124 shares of the construction company's stock valued at $4,928,000 after purchasing an additional 13,416 shares during the period. Gamco Investors INC. ET AL grew its holdings in shares of Vulcan Materials by 0.3% in the first quarter. Gamco Investors INC. ET AL now owns 34,800 shares of the construction company's stock valued at $8,119,000 after purchasing an additional 100 shares during the period. Finally, Keeley Teton Advisors LLC grew its holdings in shares of Vulcan Materials by 1.0% in the first quarter. Keeley Teton Advisors LLC now owns 8,141 shares of the construction company's stock valued at $1,899,000 after purchasing an additional 81 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VMC has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a report on Friday, May 2nd. UBS Group raised shares of Vulcan Materials from a "neutral" rating to a "buy" rating and upped their price objective for the company from $280.00 to $318.00 in a report on Friday, May 16th. Stephens set a $315.00 price objective on shares of Vulcan Materials and gave the company an "overweight" rating in a report on Thursday, May 1st. Citigroup reaffirmed a "buy" rating and set a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a research note on Tuesday. Two 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. Based on data from MarketBeat.com, Vulcan Materials currently has a consensus rating of "Buy" and a consensus price target of $308.36.

Vulcan Materials Trading Down 0.0%

Shares of VMC stock opened at $291.20 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The firm has a market cap of $38.47 billion, a PE ratio of 40.67, a price-to-earnings-growth ratio of 2.38 and a beta of 0.83. The company has a 50-day moving average of $274.27 and a two-hundred day moving average of $259.53. 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 issued its quarterly 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 business 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 firm's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.35 EPS. On average, analysts predict that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders 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 dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 14th. Vulcan Materials's dividend payout ratio 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.

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