2,000 Shares in Vulcan Materials (NYSE:VMC) Bought by Smith Group Asset Management LLC

Smith Group Asset Management LLC acquired a new stake in Vulcan Materials (NYSE:VMC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,000 shares of the construction company’s stock, valued at approximately $514,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Vulcan Materials during the 3rd quarter worth $811,000. Campbell Newman Asset Management Inc. bought a new position in shares of Vulcan Materials during the 4th quarter valued at about $15,719,000. Franklin Resources Inc. grew its position in shares of Vulcan Materials by 284.9% in the 3rd quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock valued at $11,104,000 after purchasing an additional 33,051 shares during the period. Fiduciary Alliance LLC bought a new stake in Vulcan Materials during the 4th quarter worth approximately $612,000. Finally, Heritage Family Offices LLP acquired a new stake in Vulcan Materials during the 4th quarter worth approximately $994,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

NYSE:VMC opened at $272.71 on Thursday. The stock has a 50 day simple moving average of $271.37 and a 200 day simple moving average of $260.34. The stock has a market cap of $36.01 billion, a P/E ratio of 43.01, a PEG ratio of 2.16 and a beta of 0.83. Vulcan Materials has a 1-year low of $223.90 and a 1-year 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 posted its 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). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the business posted $2.29 EPS. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. Research analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VMC shares. Truist Financial upped their price target 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. JPMorgan Chase & Co. boosted their target price on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. 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 price target on the stock. Finally, Barclays upped their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $301.18.

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.