Yousif Capital Management LLC Has $4.08 Million Stake in Vulcan Materials (NYSE:VMC)

Yousif Capital Management LLC cut its stake in Vulcan Materials (NYSE:VMC) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,862 shares of the construction company’s stock after selling 615 shares during the quarter. Yousif Capital Management LLC’s holdings in Vulcan Materials were worth $4,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of VMC. Ashton Thomas Securities LLC bought a new position in Vulcan Materials during the 3rd quarter valued at $30,000. Concord Wealth Partners purchased a new stake in shares of Vulcan Materials in the third quarter valued at about $35,000. Washington Trust Advisors Inc. lifted its position in shares of Vulcan Materials by 240.4% during the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after purchasing an additional 113 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Vulcan Materials during the third quarter valued at about $42,000. Finally, Asset Dedication LLC boosted its holdings in Vulcan Materials by 146.5% during the third quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on VMC. UBS Group started coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price on the stock. Raymond James dropped their price target on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Stephens restated an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a research note on Thursday, January 2nd. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Truist Financial boosted their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a 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. Based on data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus price target of $301.18.

Vulcan Materials Price Performance

NYSE VMC opened at $272.65 on Friday. The company has a market cap of $36.01 billion, a PE ratio of 43.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The firm’s 50-day simple moving average is $269.82 and its two-hundred day simple moving average is $261.12. Vulcan Materials has a 52 week low of $225.36 and a 52 week high of $298.31.

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.