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

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

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in Vulcan Materials in the fourth quarter valued at about $497,000. SG Americas Securities LLC lifted its position in Vulcan Materials by 64.9% in the fourth quarter. SG Americas Securities LLC now owns 7,910 shares of the construction company’s stock valued at $2,035,000 after purchasing an additional 3,113 shares during the period. Capstone Wealth Management LLC acquired a new stake in Vulcan Materials in the fourth quarter valued at about $907,000. Ballentine Partners LLC increased its holdings in Vulcan Materials by 8.7% in the fourth quarter. Ballentine Partners LLC now owns 1,015 shares of the construction company’s stock valued at $261,000 after buying an additional 81 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in Vulcan Materials by 16.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 928 shares of the construction company’s stock valued at $239,000 after buying an additional 129 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on VMC shares. Truist Financial increased their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st. Barclays increased their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. UBS Group started coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price for the company. Raymond James dropped their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Finally, Citigroup dropped their target price on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus target price of $301.18.

Vulcan Materials Stock Up 1.0 %

VMC stock opened at $277.61 on Friday. The stock has a market capitalization of $36.66 billion, a P/E ratio of 43.79, a PEG ratio of 2.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. Vulcan Materials has a one year low of $221.01 and a one year high of $298.31. The company has a 50 day moving average price of $271.50 and a two-hundred day moving average price of $259.83.

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

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.