AG2R LA Mondiale Gestion D Actifs Sells 786 Shares of Vulcan Materials Company $VMC

AG2R LA Mondiale Gestion D Actifs lessened its stake in Vulcan Materials Company (NYSE:VMC) by 10.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,395 shares of the construction company’s stock after selling 786 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Vulcan Materials were worth $1,668,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in VMC. Brighton Jones LLC bought a new position in Vulcan Materials in the 4th quarter worth $497,000. GAMMA Investing LLC raised its holdings in Vulcan Materials by 27.2% in the 1st quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company’s stock worth $398,000 after purchasing an additional 365 shares during the period. Oppenheimer & Co. Inc. raised its holdings in Vulcan Materials by 10.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 1,456 shares of the construction company’s stock worth $340,000 after purchasing an additional 139 shares during the period. Transcend Capital Advisors LLC bought a new position in Vulcan Materials in the 1st quarter worth $216,000. Finally, Bartlett & CO. Wealth Management LLC raised its holdings in Vulcan Materials by 0.8% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 9,406 shares of the construction company’s stock worth $2,194,000 after purchasing an additional 71 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VMC. Royal Bank Of Canada decreased their target price on Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a report on Friday, August 1st. Morgan Stanley decreased their target price on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a report on Monday, July 28th. Raymond James Financial raised their target price on Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Barclays upped their target price on shares of Vulcan Materials from $305.00 to $320.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Citigroup reaffirmed a “buy” rating and issued a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $313.17.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $298.56, for a total value of $208,394.88. Following the sale, the senior vice president owned 2,832 shares in the company, valued at $845,521.92. The trade was a 19.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is currently owned by insiders.

Vulcan Materials Trading Up 0.2%

Shares of Vulcan Materials stock opened at $292.63 on Friday. The company has a market capitalization of $38.66 billion, a P/E ratio of 40.87, a P/E/G ratio of 2.37 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The company has a fifty day moving average of $296.37 and a 200 day moving average of $275.60. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $311.74.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.20). The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.35 EPS. On average, sell-side analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be paid a $0.49 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.96 annualized dividend and a yield of 0.7%. Vulcan Materials’s payout ratio is presently 27.37%.

About Vulcan Materials

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.