BNP Paribas Financial Markets Raises Position in Vulcan Materials Company $VMC

BNP Paribas Financial Markets grew its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 43.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 243,076 shares of the construction company’s stock after purchasing an additional 74,124 shares during the period. BNP Paribas Financial Markets owned approximately 0.18% of Vulcan Materials worth $69,330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VMC. Dimensional Fund Advisors LP increased its stake in Vulcan Materials by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,293,316 shares of the construction company’s stock valued at $397,795,000 after purchasing an additional 3,931 shares in the last quarter. Swiss Life Asset Management Ltd increased its stake in Vulcan Materials by 67.8% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 14,320 shares of the construction company’s stock valued at $4,405,000 after purchasing an additional 5,787 shares in the last quarter. ING Groep NV increased its stake in Vulcan Materials by 67.3% during the 3rd quarter. ING Groep NV now owns 29,081 shares of the construction company’s stock valued at $8,946,000 after purchasing an additional 11,699 shares in the last quarter. Interval Partners LP increased its stake in Vulcan Materials by 82.9% during the 3rd quarter. Interval Partners LP now owns 152,645 shares of the construction company’s stock valued at $46,957,000 after purchasing an additional 69,189 shares in the last quarter. Finally, Cibc World Market Inc. acquired a new position in Vulcan Materials during the 3rd quarter valued at approximately $12,834,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Vulcan Materials from $305.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Stephens upped their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Truist Financial upped their price objective 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. Oppenheimer assumed coverage on shares of Vulcan Materials in a report on Thursday. They issued a “market perform” rating on the stock. Finally, DA Davidson dropped their price objective on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $330.58.

Vulcan Materials Stock Performance

NYSE:VMC opened at $281.52 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. The company has a fifty day moving average of $280.29 and a two-hundred day moving average of $290.36. The stock has a market capitalization of $36.53 billion, a PE ratio of 33.47, a P/E/G ratio of 2.04 and a beta of 1.05. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 earnings per share. As a group, research analysts forecast that Vulcan Materials Company will post 9.29 earnings per share 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. Investors of record on Friday, May 22nd will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, May 22nd. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.73%.

About Vulcan Materials

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.