Natixis Advisors LLC Acquires 21,563 Shares of Vulcan Materials Company $VMC

Natixis Advisors LLC grew its holdings in Vulcan Materials Company (NYSE:VMC) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,931 shares of the construction company’s stock after purchasing an additional 21,563 shares during the period. Natixis Advisors LLC owned about 0.18% of Vulcan Materials worth $68,719,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of VMC. Lone Pine Capital LLC bought a new stake in shares of Vulcan Materials in the 3rd quarter worth $425,938,000. Norges Bank bought a new stake in shares of Vulcan Materials in the 4th quarter worth $383,613,000. Assenagon Asset Management S.A. boosted its stake in shares of Vulcan Materials by 993.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 396,628 shares of the construction company’s stock worth $113,126,000 after buying an additional 360,368 shares during the last quarter. Freestone Grove Partners LP purchased a new position in shares of Vulcan Materials in the 3rd quarter worth $98,911,000. Finally, Vanguard Group Inc. boosted its stake in shares of Vulcan Materials by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock worth $5,293,274,000 after buying an additional 311,539 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on VMC shares. Raymond James Financial set a $325.00 price target on Vulcan Materials in a research note on Thursday, April 30th. Truist Financial raised their price target on Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Oppenheimer started coverage on Vulcan Materials in a research note on Thursday, May 28th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $320.00 price target (down from $335.00) on shares of Vulcan Materials in a research note on Wednesday, March 4th. Finally, DA Davidson dropped their price target on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $326.92.

Vulcan Materials Price Performance

NYSE VMC opened at $282.06 on Wednesday. The company has a market capitalization of $36.60 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. The business’s fifty day moving average is $280.29 and its 200 day moving average is $290.36. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.25. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.Vulcan Materials’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share. Sell-side analysts predict that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a dividend of $0.52 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.08 annualized dividend and a yield of 0.7%. Vulcan Materials’s payout ratio is 24.73%.

Vulcan Materials Company 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.