Vulcan Materials Company $VMC Shares Acquired by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise increased its position in Vulcan Materials Company (NYSE:VMC) by 79.3% during the fourth quarter, Holdings Channel reports. The fund owned 4,374 shares of the construction company’s stock after purchasing an additional 1,935 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Vulcan Materials were worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Vulcan Materials by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock valued at $5,293,274,000 after purchasing an additional 311,539 shares during the period. JPMorgan Chase & Co. increased its position in shares of Vulcan Materials by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 7,924,285 shares of the construction company’s stock worth $2,437,669,000 after acquiring an additional 99,298 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Vulcan Materials by 5.8% in the third quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock worth $2,345,703,000 after acquiring an additional 414,828 shares in the last quarter. Bank of America Corp DE increased its position in shares of Vulcan Materials by 0.4% in the third quarter. Bank of America Corp DE now owns 2,318,474 shares of the construction company’s stock worth $713,209,000 after acquiring an additional 9,030 shares in the last quarter. Finally, Lone Pine Capital LLC purchased a new position in shares of Vulcan Materials during the third quarter valued at $425,938,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Truist Financial lifted their price target on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Wells Fargo & Company boosted their price target on shares of Vulcan Materials from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Morgan Stanley dropped their price objective on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Finally, Stifel Nicolaus set a $333.00 price objective on shares of Vulcan Materials in a research report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $330.58.

Vulcan Materials Trading Down 0.5%

VMC opened at $260.78 on Friday. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The company has a market cap of $33.84 billion, a P/E ratio of 31.01, a price-to-earnings-growth ratio of 1.90 and a beta of 1.09. The company has a fifty day moving average price of $278.81 and a two-hundred day moving average price of $290.96.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. Vulcan Materials’s revenue was up 7.4% compared to the same quarter last year. Analysts predict that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, May 22nd. Vulcan Materials’s dividend payout ratio is presently 24.73%.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.