Groupama Asset Managment Trims Position in Vulcan Materials Company $VMC

Groupama Asset Managment lowered its position in shares of Vulcan Materials Company (NYSE:VMC) by 77.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,702 shares of the construction company’s stock after selling 9,270 shares during the quarter. Groupama Asset Managment’s holdings in Vulcan Materials were worth $831,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. raised its holdings in Vulcan Materials by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after acquiring an additional 42 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Vulcan Materials during the third quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Vulcan Materials during the third quarter worth $30,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Vulcan Materials in the third quarter valued at $42,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Vulcan Materials in the third quarter valued at $46,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,137 shares of Vulcan Materials stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $303.72, for a total transaction of $345,329.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on VMC shares. B. Riley Financial started coverage on Vulcan Materials in a research report on Thursday, January 15th. They set a “buy” rating and a $345.00 target price on the stock. Royal Bank Of Canada lowered their price target on Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating for the company in a report on Wednesday, February 18th. DA Davidson dropped their price objective on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Morgan Stanley increased their price objective on shares of Vulcan Materials from $321.00 to $322.00 and gave the stock an “equal weight” rating in a report on Monday, March 9th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and a consensus price target of $326.29.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $258.55 on Friday. The business’s fifty day moving average price is $298.42 and its 200 day moving average price is $295.72. Vulcan Materials Company has a twelve month low of $218.87 and a twelve month high of $331.09. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $33.76 billion, a P/E ratio of 31.84, a PEG ratio of 1.79 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Tuesday, February 17th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.41). The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.95 billion. Vulcan Materials had a return on equity of 12.56% and a net margin of 13.56%.The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.17 earnings per share. As a group, research analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be given a dividend of $0.52 per share. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, March 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. Vulcan Materials’s dividend payout ratio is currently 25.62%.

Vulcan Materials 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.