R Squared Ltd Invests $121,000 in Vulcan Materials (NYSE:VMC)

R Squared Ltd purchased a new stake in Vulcan Materials (NYSE:VMC) in the 4th quarter, HoldingsChannel reports. The fund purchased 470 shares of the construction company’s stock, valued at approximately $121,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in shares of Vulcan Materials by 16.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock valued at $65,000 after buying an additional 36 shares during the last quarter. United Asset Strategies Inc. raised its stake 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 worth $938,000 after purchasing an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Vulcan Materials by 2.3% in the third quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock valued at $498,000 after purchasing an additional 44 shares in the last quarter. Marcum Wealth LLC boosted its position in shares of Vulcan Materials by 5.7% during the third 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 last quarter. Finally, Golden State Equity Partners grew its holdings in Vulcan Materials by 4.5% during the third 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 in the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Raymond James cut their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. 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, January 6th. UBS Group began 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. Barclays upped 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. Finally, Truist Financial lifted their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus price target of $301.18.

Vulcan Materials Trading Up 1.5 %

Shares of VMC opened at $276.22 on Friday. Vulcan Materials has a fifty-two week low of $223.90 and a fifty-two week high of $298.31. The business has a 50-day moving average of $271.26 and a 200 day moving average of $260.43. The firm has a market cap of $36.48 billion, a P/E ratio of 43.57, a price-to-earnings-growth 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 (NYSE:VMC) last posted its 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). The business 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%. Vulcan Materials’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.29 EPS. As a group, research analysts forecast that Vulcan Materials will post 7.16 EPS for the current year.

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.