Vulcan Materials Company $VMC Shares Purchased by Cwm LLC

Key Points

• Cwm LLC increased its holdings in Vulcan Materials Company by 48.2% during the second quarter, owning 14,875 shares valued at approximately $3.88 million after purchasing an additional 4,839 shares.
• Vulcan Materials reported earnings of $2.45 per share for the last quarter, falling short of the consensus estimate of $2.65, with revenue of $2.10 billion compared to expectations of $2.23 billion.
• The company announced a quarterly dividend of $0.49 per share to be paid on November 25th, indicating an annualized yield of 0.7% and a payout ratio of 27.37%.

Cwm LLC raised its holdings in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 48.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,875 shares of the construction company's stock after buying an additional 4,839 shares during the period. Cwm LLC's holdings in Vulcan Materials were worth $3,880,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VMC. Principal Financial Group Inc. lifted its position in Vulcan Materials by 7.4% during the first quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company's stock valued at $1,518,291,000 after buying an additional 445,691 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Vulcan Materials by 11,723.8% during the first quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company's stock valued at $99,278,000 after buying an additional 421,939 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Vulcan Materials by 5.6% during the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company's stock worth $1,625,583,000 after purchasing an additional 370,434 shares in the last quarter. Nuveen LLC acquired a new position in shares of Vulcan Materials during the first quarter worth $82,659,000. Finally, Vanguard Group Inc. lifted its position in shares of Vulcan Materials by 2.1% during the first quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company's stock worth $3,896,031,000 after purchasing an additional 347,155 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Trading Down 2.2%

VMC opened at $296.32 on Friday. The stock has a market capitalization of $39.15 billion, a PE ratio of 41.39, a P/E/G ratio of 2.47 and a beta of 0.92. The firm's fifty day moving average price is $295.95 and its 200 day moving average price is $272.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $311.74.

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 company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The company's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.35 earnings per share. As a group, research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.49 per share. 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%.

Insiders Place Their Bets

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 transaction of $208,394.88. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VMC. Royal Bank Of Canada reduced their target price 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. Weiss Ratings reissued a "buy (b-)" rating on shares of Vulcan Materials in a research report on Wednesday, October 8th. Barclays boosted their target price on shares of Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Finally, Wells Fargo & Company raised shares of Vulcan Materials to a "hold" rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Vulcan Materials has a consensus rating of "Moderate Buy" and an average target price of $308.58.

Vulcan Materials 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.

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