Cwm LLC Purchases 5,081 Shares of Vulcan Materials Company (NYSE:VMC)

CWM LLC lifted its position in Vulcan Materials Company (NYSE:VMC - Free Report) by 102.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,036 shares of the construction company's stock after buying an additional 5,081 shares during the quarter. CWM LLC's holdings in Vulcan Materials were worth $2,341,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Vulcan Materials in the first quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Vulcan Materials during the fourth quarter worth about $30,000. Generali Asset Management SPA SGR acquired a new position in Vulcan Materials during the fourth quarter worth about $32,000. Kapitalo Investimentos Ltda acquired a new position in Vulcan Materials during the fourth quarter worth about $35,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Vulcan Materials during the fourth quarter worth about $46,000. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Price Performance

VMC stock traded up $3.76 during mid-day trading on Friday, reaching $266.77. 800,181 shares of the company traded hands, compared to its average volume of 990,795. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.42 and a quick ratio of 1.51. The company has a market capitalization of $35.24 billion, a P/E ratio of 37.84, a P/E/G ratio of 2.38 and a beta of 0.82. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $298.31. The company has a fifty day moving average price of $265.31 and a 200-day moving average price of $256.53.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.20. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.91% and a net margin of 12.50%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.80 EPS. As a group, analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be given a $0.49 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.96 dividend on an annualized basis and a yield of 0.73%. Vulcan Materials's payout ratio is 27.80%.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of Vulcan Materials stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $270.00, for a total value of $405,000.00. Following the transaction, the senior vice president directly owned 2,832 shares of the company's stock, valued at $764,640. The trade was a 34.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

VMC has been the topic of several research reports. Argus upgraded Vulcan Materials to a "strong-buy" rating in a report on Thursday, April 24th. Stifel Nicolaus upped their target price on Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a report on Friday, May 2nd. UBS Group upgraded Vulcan Materials from a "neutral" rating to a "buy" rating and upped their target price for the company from $280.00 to $318.00 in a report on Friday, May 16th. Morgan Stanley raised their price objective on shares of Vulcan Materials from $273.00 to $303.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Finally, Citigroup reaffirmed a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Vulcan Materials has a consensus rating of "Moderate Buy" and a consensus price target of $302.91.

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.