Deuterium Capital Management LLC Buys Shares of 1,393 Vulcan Materials (NYSE:VMC)

Deuterium Capital Management LLC purchased a new position in shares of Vulcan Materials (NYSE:VMC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,393 shares of the construction company’s stock, valued at approximately $239,000.

A number of other large investors have also made changes to their positions in the stock. Achmea Investment Management B.V. purchased a new stake in Vulcan Materials during the first quarter worth about $29,000. New Hampshire Trust acquired a new stake in shares of Vulcan Materials in the 4th quarter worth approximately $31,000. CoreCap Advisors LLC purchased a new position in Vulcan Materials in the 4th quarter valued at approximately $32,000. Money Concepts Capital Corp acquired a new position in Vulcan Materials during the fourth quarter worth $39,000. Finally, HBC Financial Services PLLC boosted its position in Vulcan Materials by 55.9% during the first quarter. HBC Financial Services PLLC now owns 265 shares of the construction company’s stock worth $45,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 90.10% of the company’s stock.

Vulcan Materials Trading Up 0.5 %

Shares of VMC stock traded up $1.16 during trading hours on Friday, hitting $216.72. 66,719 shares of the company were exchanged, compared to its average volume of 785,563. The firm has a fifty day moving average of $220.80 and a 200 day moving average of $197.63. The company has a quick ratio of 1.83, a current ratio of 2.58 and a debt-to-equity ratio of 0.54. Vulcan Materials has a 1 year low of $147.64 and a 1 year high of $229.75. The firm has a market cap of $28.80 billion, a PE ratio of 39.70, a PEG ratio of 1.49 and a beta of 0.79.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.38. Vulcan Materials had a net margin of 9.57% and a return on equity of 11.64%. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the firm posted $1.53 earnings per share. Vulcan Materials’s revenue was up 8.1% on a year-over-year basis. Analysts expect that Vulcan Materials will post 6.73 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Thursday, August 17th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, August 16th. Vulcan Materials’s payout ratio is currently 31.68%.

Wall Street Analyst Weigh In

VMC has been the subject of a number of research analyst reports. Barclays raised their price target on Vulcan Materials from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, August 7th. Jefferies Financial Group lifted their target price on shares of Vulcan Materials from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Stephens raised their price objective on shares of Vulcan Materials from $230.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Royal Bank of Canada upped their target price on Vulcan Materials from $212.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, Raymond James boosted their price target on Vulcan Materials from $202.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and an average target price of $240.50.

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 Aggregates segment 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.