BNP Paribas Arbitrage SA increased its stake in Vulcan Materials Company (NYSE:VMC) by 46.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,142 shares of the construction company’s stock after buying an additional 55,956 shares during the period. BNP Paribas Arbitrage SA owned about 0.13% of Vulcan Materials worth $22,314,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Legal & General Group Plc raised its stake in Vulcan Materials by 0.6% in the second quarter. Legal & General Group Plc now owns 610,801 shares of the construction company’s stock valued at $77,376,000 after buying an additional 3,658 shares during the period. Bank of New York Mellon Corp raised its stake in Vulcan Materials by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 2,617,707 shares of the construction company’s stock valued at $331,609,000 after buying an additional 58,520 shares during the period. Jaffetilchin Investment Partners LLC bought a new stake in Vulcan Materials during the second quarter valued at $204,000. SG Americas Securities LLC raised its stake in Vulcan Materials by 449.0% in the second quarter. SG Americas Securities LLC now owns 36,161 shares of the construction company’s stock valued at $4,581,000 after buying an additional 46,522 shares during the period. Finally, Fiduciary Financial Services of The Southwest Inc. TX bought a new stake in Vulcan Materials during the second quarter valued at $224,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.
Vulcan Materials Company (VMC) opened at 114.11 on Friday. The company has a market capitalization of $15.09 billion, a P/E ratio of 36.74 and a beta of 0.93. The firm has a 50-day moving average price of $122.95 and a 200 day moving average price of $123.21. Vulcan Materials Company has a 12 month low of $105.71 and a 12 month high of $138.18.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.22 by $0.32. Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company posted $0.90 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts expect that Vulcan Materials Company will post $3.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd will be given a $0.25 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.88%. Vulcan Materials’s payout ratio is 32.36%.
Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Stephens upgraded Vulcan Materials from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $140.00 to $145.00 in a report on Thursday, August 3rd. BidaskClub lowered Vulcan Materials from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Royal Bank Of Canada restated a “buy” rating and issued a $154.00 target price on shares of Vulcan Materials in a report on Monday, June 19th. Finally, Argus boosted their target price on Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $139.67.
In other news, insider Stanley G. Bass sold 4,413 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total value of $582,516.00. Following the completion of the sale, the insider now directly owns 21,939 shares of the company’s stock, valued at $2,895,948. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total value of $40,392.00. Following the completion of the sale, the general counsel now directly owns 5,292 shares of the company’s stock, valued at $698,544. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,743 shares of company stock valued at $876,515. Insiders own 0.89% of the company’s stock.
About Vulcan Materials
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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