Vulcan Materials (NYSE:VMC) Shares Sold by CX Institutional

CX Institutional lessened its stake in Vulcan Materials (NYSE:VMC) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,980 shares of the construction company’s stock after selling 631 shares during the quarter. CX Institutional’s holdings in Vulcan Materials were worth $1,024,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. United Asset Strategies Inc. increased its position in shares of Vulcan Materials by 1.1% in the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock worth $938,000 after purchasing an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Vulcan Materials by 2.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after purchasing an additional 44 shares during the last quarter. Marcum Wealth LLC increased its position in shares of Vulcan Materials by 5.7% in the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock worth $214,000 after purchasing an additional 46 shares during the last quarter. Golden State Equity Partners increased its position in shares of Vulcan Materials by 4.5% in the 3rd quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock worth $275,000 after purchasing an additional 47 shares during the last quarter. Finally, Valley Brook Capital Group Inc. increased its position in shares of Vulcan Materials by 5.1% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company’s stock worth $257,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Raymond James lowered their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. UBS Group assumed coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price objective for the company. Finally, Truist Financial boosted their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.18.

Vulcan Materials Trading Up 1.0 %

Shares of NYSE:VMC opened at $277.61 on Friday. The company has a 50 day moving average of $271.50 and a 200-day moving average of $259.83. The firm has a market cap of $36.66 billion, a P/E ratio of 43.79, a P/E/G ratio of 2.16 and a beta of 0.83. Vulcan Materials has a twelve month low of $221.01 and a twelve month high of $298.31. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company’s revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 earnings per share. As a group, analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

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.