Procyon Advisors LLC Grows Position in Vulcan Materials (NYSE:VMC)

Procyon Advisors LLC boosted its holdings in Vulcan Materials (NYSE:VMC) by 9.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,060 shares of the construction company’s stock after acquiring an additional 1,697 shares during the period. Procyon Advisors LLC’s holdings in Vulcan Materials were worth $5,160,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of VMC. United Asset Strategies Inc. lifted its position in Vulcan Materials by 1.1% during 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 during the period. Sequoia Financial Advisors LLC raised its stake 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 valued at $498,000 after buying an additional 44 shares during the last quarter. Marcum Wealth LLC lifted its holdings in shares of Vulcan Materials by 5.7% during the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock valued at $214,000 after buying an additional 46 shares during the period. Golden State Equity Partners boosted its stake 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 buying an additional 47 shares during the last quarter. Finally, Valley Brook Capital Group Inc. boosted its stake 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 buying an additional 50 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have 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. Barclays increased their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Citigroup reduced their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, UBS Group initiated coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 target price on the stock. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $301.18.

Vulcan Materials Stock Up 0.3 %

VMC opened at $269.10 on Friday. Vulcan Materials has a 52 week low of $219.73 and a 52 week high of $298.31. 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 has a 50-day simple moving average of $273.50 and a two-hundred day simple moving average of $258.50. The company has a market capitalization of $35.54 billion, a PE ratio of 42.44, a price-to-earnings-growth ratio of 1.97 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last released 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 firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business earned $2.29 EPS. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. Analysts forecast 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.