BNP Paribas Financial Markets Has $54.47 Million Stock Position in Vulcan Materials (NYSE:VMC)

BNP Paribas Financial Markets boosted its position in Vulcan Materials (NYSE:VMC - Free Report) by 55.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 217,495 shares of the construction company's stock after buying an additional 77,843 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.16% of Vulcan Materials worth $54,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of VMC. SouthState Corp increased its stake in shares of Vulcan Materials by 669.2% in the second quarter. SouthState Corp now owns 100 shares of the construction company's stock valued at $25,000 after purchasing an additional 87 shares during the period. Kings Path Partners LLC bought a new position in Vulcan Materials in the 2nd quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in Vulcan Materials in the 3rd quarter valued at approximately $30,000. UMB Bank n.a. raised its stake in Vulcan Materials by 61.8% during the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company's stock valued at $31,000 after acquiring an additional 47 shares in the last quarter. Finally, Concord Wealth Partners acquired a new position in Vulcan Materials during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Citigroup decreased their target price on Vulcan Materials from $297.00 to $292.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price target on Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a research note on Wednesday. Truist Financial upped their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, November 1st. UBS Group started coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They issued a "buy" rating and a $349.00 target price on the stock. Finally, StockNews.com upgraded shares of Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Vulcan Materials has an average rating of "Moderate Buy" and an average target price of $283.92.

Vulcan Materials Stock Up 0.6 %

Shares of Vulcan Materials stock traded up $1.77 on Friday, hitting $288.16. 355,150 shares of the company traded hands, compared to its average volume of 835,379. Vulcan Materials has a 12-month low of $209.60 and a 12-month high of $298.31. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The company has a market cap of $38.05 billion, a PE ratio of 45.17, a PEG ratio of 2.77 and a beta of 0.81. The company has a 50-day moving average price of $264.56 and a 200 day moving average price of $255.23.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm had revenue of $2 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter last year, the firm earned $2.29 EPS. The business's revenue for the quarter was down 8.3% compared to the same quarter last year. Sell-side analysts predict that Vulcan Materials will post 7.16 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 4th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.64%. The ex-dividend date was Monday, November 4th. Vulcan Materials's payout ratio is presently 29.02%.

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 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.