Baker Tilly Wealth Management LLC Grows Holdings in Vulcan Materials (NYSE:VMC)

Baker Tilly Wealth Management LLC raised its position in Vulcan Materials (NYSE:VMC) by 12.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,715 shares of the construction company’s stock after purchasing an additional 622 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Vulcan Materials were worth $1,470,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VMC. United Asset Strategies Inc. grew its position in shares of Vulcan Materials by 1.1% in the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock valued at $938,000 after purchasing an additional 39 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Vulcan Materials by 2.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after acquiring an additional 44 shares during the period. Marcum Wealth LLC increased its holdings in Vulcan Materials by 5.7% during the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock worth $214,000 after acquiring an additional 46 shares during the period. Golden State Equity Partners lifted its stake in 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 in the last quarter. Finally, Valley Brook Capital Group Inc. boosted its holdings in 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 valued at $257,000 after purchasing an additional 50 shares during the period. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Down 1.4 %

Shares of VMC stock traded down $3.60 during trading hours on Friday, hitting $251.68. 81,104 shares of the company’s stock traded hands, compared to its average volume of 549,739. 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 stock has a market cap of $33.24 billion, a price-to-earnings ratio of 39.70, a PEG ratio of 2.67 and a beta of 0.83. The stock’s fifty day simple moving average is $274.84 and its two-hundred day simple moving average is $258.09. Vulcan Materials has a 12-month low of $219.73 and a 12-month high of $298.31.

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 the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the business earned $2.29 earnings per share. Vulcan Materials’s revenue was down 8.3% compared to the same quarter last year. On average, analysts expect that Vulcan Materials will post 7.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on VMC shares. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Barclays increased their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Citigroup cut their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday. Finally, UBS Group began coverage on Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target for the company. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $296.18.

Vulcan Materials Company 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.