Banque Cantonale Vaudoise Has $663,000 Holdings in Vulcan Materials (NYSE:VMC)

Banque Cantonale Vaudoise lessened its stake in Vulcan Materials (NYSE:VMC – Get Rating) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,785 shares of the construction company’s stock after selling 304 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Vulcan Materials were worth $663,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CI Investments Inc. raised its stake in Vulcan Materials by 956.3% during the third quarter. CI Investments Inc. now owns 169 shares of the construction company’s stock worth $27,000 after acquiring an additional 153 shares in the last quarter. Achmea Investment Management B.V. acquired a new position in Vulcan Materials during the first quarter worth about $29,000. General Partner Inc. acquired a new position in Vulcan Materials during the fourth quarter worth about $30,000. HBC Financial Services PLLC acquired a new position in Vulcan Materials during the fourth quarter worth about $30,000. Finally, New Hampshire Trust acquired a new position in Vulcan Materials during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 90.08% of the company’s stock.

Wall Street Analyst Weigh In

VMC has been the subject of several research analyst reports. Truist Financial boosted their target price on Vulcan Materials from $210.00 to $225.00 in a research note on Friday, February 17th. The Goldman Sachs Group raised Vulcan Materials from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $188.00 to $212.00 in a research note on Monday, April 3rd. Royal Bank of Canada boosted their price target on Vulcan Materials from $191.00 to $193.00 and gave the stock an “outperform” rating in a report on Friday, February 17th. 92 Resources restated a “maintains” rating on shares of Vulcan Materials in a report on Friday, May 5th. Finally, Morgan Stanley reduced their price target on Vulcan Materials from $191.00 to $186.00 and set an “equal weight” rating on the stock in a report on Thursday, April 20th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $208.08.

Insider Transactions at Vulcan Materials

In other news, SVP David P. Clement sold 2,389 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $196.00, for a total transaction of $468,244.00. Following the transaction, the senior vice president now directly owns 2,887 shares of the company’s stock, valued at $565,852. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is owned by insiders.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $195.10 on Friday. The business’s 50 day simple moving average is $177.52 and its 200 day simple moving average is $178.73. Vulcan Materials has a one year low of $137.54 and a one year high of $199.10. The stock has a market capitalization of $25.96 billion, a PE ratio of 43.16, a PEG ratio of 1.45 and a beta of 0.74. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.37 and a quick ratio of 1.59.

Vulcan Materials (NYSE:VMC – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.31. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Vulcan Materials had a return on equity of 10.36% and a net margin of 8.14%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. As a group, research analysts forecast that Vulcan Materials will post 6.45 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 26th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, May 25th. Vulcan Materials’s payout ratio is 38.05%.

About Vulcan Materials

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Vulcan Materials Co engages in the production of construction aggregates. Its products include crushed stone, sand, and gravel. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.