CW Advisors LLC Takes Position in Vulcan Materials Company $VMC

Key Points

• CW Advisors LLC has acquired a new stake in Vulcan Materials Company, purchasing 1,490 shares valued at approximately $351,000 during the first quarter.
• Vulcan Materials recently reported earnings of $2.45 per share for the last quarter, which missed analysts' expectations by $0.20, despite a year-over-year revenue increase of 4.4%.
• The company announced a quarterly dividend of $0.49 per share, reflecting an annual yield of 0.7% and a payout ratio of 27.37%.

CW Advisors LLC purchased a new position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,490 shares of the construction company's stock, valued at approximately $351,000.

Several other large investors also recently made changes to their positions in the stock. Manchester Capital Management LLC boosted its stake 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 worth $43,000 after acquiring an additional 39 shares in the last quarter. Alpha Omega Wealth Management LLC boosted its stake in shares of Vulcan Materials by 1.1% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 4,336 shares of the construction company's stock worth $1,012,000 after acquiring an additional 46 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Vulcan Materials by 5.6% during the 4th quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock worth $249,000 after acquiring an additional 51 shares in the last quarter. Marks Group Wealth Management Inc boosted its stake in shares of Vulcan Materials by 2.7% during the 1st quarter. Marks Group Wealth Management Inc now owns 2,203 shares of the construction company's stock worth $514,000 after acquiring an additional 57 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Vulcan Materials by 10.0% during the 1st quarter. Allworth Financial LP now owns 651 shares of the construction company's stock worth $163,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

VMC has been the subject of several recent analyst reports. UBS Group upgraded Vulcan Materials from a "neutral" rating to a "buy" rating and increased their target price for the company from $280.00 to $318.00 in a research note on Friday, May 16th. Morgan Stanley decreased their target price on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a research note on Monday, July 28th. Royal Bank Of Canada decreased their target price on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Citigroup restated a "buy" rating and set a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. increased their target price on Vulcan Materials from $285.00 to $330.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $308.36.

Vulcan Materials Stock Performance

Shares of VMC stock traded down $0.07 during mid-day trading on Friday, reaching $291.09. The stock had a trading volume of 609,873 shares, compared to its average volume of 820,802. The firm has a market cap of $38.46 billion, a PE ratio of 40.66, a P/E/G ratio of 2.38 and a beta of 0.86. The firm's 50 day simple moving average is $275.65 and its 200 day simple moving average is $259.82. Vulcan Materials Company has a one year low of $215.08 and a one year high of $298.31. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.20). The business had revenue of $2.10 billion during the quarter, compared to analyst estimates 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 for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $2.35 EPS. On average, analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.96 annualized dividend and a yield of 0.7%. Vulcan Materials's payout ratio is currently 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.