BNP Paribas Arbitrage SNC Grows Position in Vulcan Materials (NYSE:VMC)

BNP Paribas Arbitrage SNC boosted its holdings in Vulcan Materials (NYSE:VMC) by 15.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,543 shares of the construction company’s stock after acquiring an additional 8,570 shares during the quarter. BNP Paribas Arbitrage SNC’s holdings in Vulcan Materials were worth $14,100,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in Vulcan Materials by 10.4% in the first quarter. American Century Companies Inc. now owns 7,180 shares of the construction company’s stock valued at $1,319,000 after purchasing an additional 676 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Vulcan Materials by 2.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,685 shares of the construction company’s stock valued at $861,000 after purchasing an additional 110 shares during the last quarter. Private Advisor Group LLC grew its holdings in Vulcan Materials by 32.2% in the first quarter. Private Advisor Group LLC now owns 2,451 shares of the construction company’s stock valued at $450,000 after purchasing an additional 597 shares during the last quarter. Yousif Capital Management LLC grew its holdings in Vulcan Materials by 0.9% in the first quarter. Yousif Capital Management LLC now owns 19,808 shares of the construction company’s stock valued at $3,639,000 after purchasing an additional 175 shares during the last quarter. Finally, Prudential PLC acquired a new stake in Vulcan Materials in the first quarter valued at $470,000. Hedge funds and other institutional investors own 90.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on VMC shares. Barclays upped their target price on Vulcan Materials from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, August 7th. JPMorgan Chase & Co. increased their price objective on Vulcan Materials from $230.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, August 24th. Raymond James decreased their price target on Vulcan Materials from $240.00 to $225.00 and set an “outperform” rating on the stock in a research note on Monday, October 30th. StockNews.com initiated coverage on Vulcan Materials in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Truist Financial raised their price target on Vulcan Materials from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and a consensus price target of $239.21.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $212.35 on Friday. The company has a market cap of $28.21 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 1.33 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.13 and a quick ratio of 2.47. Vulcan Materials has a 12 month low of $159.76 and a 12 month high of $229.75. The stock’s 50-day moving average is $207.04 and its 200-day moving average is $210.18.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Thursday, October 26th. The construction company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.19 by $0.10. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.17 billion. Vulcan Materials had a return on equity of 12.35% and a net margin of 10.74%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $1.78 EPS. Equities analysts anticipate that Vulcan Materials will post 6.85 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, November 10th. This represents a $1.72 annualized dividend and a dividend yield of 0.81%. Vulcan Materials’s payout ratio is currently 27.88%.

Insider Activity at Vulcan Materials

In related news, Director Melissa H. Anderson sold 500 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $195.92, for a total transaction of $97,960.00. Following the sale, the director now directly owns 1,530 shares in the company, valued at approximately $299,757.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Vulcan Materials news, SVP Jerry F. Perkins, Jr. sold 4,575 shares of Vulcan Materials stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $209.64, for a total transaction of $959,103.00. Following the sale, the senior vice president now directly owns 6,839 shares in the company, valued at approximately $1,433,727.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Melissa H. Anderson sold 500 shares of Vulcan Materials stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $195.92, for a total value of $97,960.00. Following the sale, the director now owns 1,530 shares in the company, valued at $299,757.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,863 shares of company stock worth $1,223,087. 0.62% of the stock is currently owned by company insiders.

Vulcan Materials Profile

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 Aggregates segment 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.