W1M Asset Management Ltd Makes New Investment in Vulcan Materials Company $VMC

W1M Asset Management Ltd bought a new position in shares of Vulcan Materials Company (NYSE:VMC) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 570,288 shares of the construction company’s stock, valued at approximately $168,186,000. Vulcan Materials accounts for 1.5% of W1M Asset Management Ltd’s investment portfolio, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Emerald Investment Advisers LLC purchased a new position in shares of Vulcan Materials in the 2nd quarter valued at $4,353,000. Westpac Banking Corp acquired a new position in Vulcan Materials during the 2nd quarter worth approximately $72,000. Sumitomo Life Insurance Co. purchased a new position in Vulcan Materials in the 2nd quarter worth approximately $11,432,000. Korea Investment CORP purchased a new stake in shares of Vulcan Materials during the second quarter valued at approximately $36,732,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Vulcan Materials in the second quarter valued at $254,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of Vulcan Materials stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the transaction, the senior vice president directly owned 6,716 shares in the company, valued at approximately $1,914,731.60. The trade was a 22.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.65% of the stock is owned by corporate insiders.

Vulcan Materials Stock Performance

Shares of VMC opened at $275.48 on Friday. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week high of $331.09. The firm has a market capitalization of $35.70 billion, a PE ratio of 32.52, a P/E/G ratio of 1.99 and a beta of 1.06. The firm has a 50-day moving average price of $289.19 and a 200 day moving average price of $287.61. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period last year, the company posted $2.42 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is 24.56%.

Analyst Ratings Changes

Several research firms recently commented on VMC. Stephens boosted their price target on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Wall Street Zen cut Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. UBS Group lowered their price target on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Finally, Barclays lifted their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and an average target price of $327.93.

Vulcan Materials 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.