AG2R LA Mondiale Gestion D Actifs Decreases Holdings in Vulcan Materials Company $VMC

AG2R LA Mondiale Gestion D Actifs trimmed its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,395 shares of the construction company’s stock after selling 786 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Vulcan Materials were worth $1,668,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Unified Investment Management raised its position in shares of Vulcan Materials by 1.7% during the 2nd quarter. Unified Investment Management now owns 2,259 shares of the construction company’s stock valued at $589,000 after buying an additional 38 shares in the last quarter. Rosenberg Matthew Hamilton raised its position in shares of Vulcan Materials by 6.2% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 648 shares of the construction company’s stock valued at $169,000 after buying an additional 38 shares in the last quarter. Manchester Capital Management LLC raised its position in shares of Vulcan Materials by 26.9% during the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock valued at $43,000 after buying an additional 39 shares in the last quarter. Chemistry Wealth Management LLC raised its position in shares of Vulcan Materials by 3.0% during the 2nd quarter. Chemistry Wealth Management LLC now owns 1,343 shares of the construction company’s stock valued at $350,000 after buying an additional 39 shares in the last quarter. Finally, ORG Partners LLC raised its position in shares of Vulcan Materials by 86.3% during the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock valued at $25,000 after buying an additional 44 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VMC has been the topic of several recent research reports. Morgan Stanley decreased their target price on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Monday, July 28th. JPMorgan Chase & Co. upped their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Royal Bank Of Canada reduced their price objective on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. Wells Fargo & Company raised shares of Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. Finally, Barclays increased their price objective on shares of Vulcan Materials from $305.00 to $320.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $313.17.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction of $208,394.88. Following the transaction, the senior vice president directly owned 2,832 shares of the company’s stock, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.62% of the company’s stock.

Vulcan Materials Stock Performance

Shares of NYSE:VMC opened at $292.63 on Friday. The firm has a market cap of $38.66 billion, a PE ratio of 40.87, a price-to-earnings-growth ratio of 2.37 and a beta of 0.92. The firm’s 50 day simple moving average is $296.37 and its 200-day simple moving average is $275.60. Vulcan Materials Company has a one year low of $215.08 and a one year high of $311.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.20). The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The business’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $2.35 earnings per share. As a group, equities analysts predict that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is 27.37%.

Vulcan Materials Company 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.