Financial Partners Group LLC Sells 120 Shares of Vulcan Materials (NYSE:VMC)

Financial Partners Group LLC decreased its holdings in Vulcan Materials (NYSE:VMC) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,913 shares of the construction company’s stock after selling 120 shares during the period. Financial Partners Group LLC’s holdings in Vulcan Materials were worth $1,521,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VMC. Virtu Financial LLC bought a new position in Vulcan Materials in the 3rd quarter worth approximately $811,000. Campbell Newman Asset Management Inc. purchased a new position in shares of Vulcan Materials in the fourth quarter worth $15,719,000. Franklin Resources Inc. boosted its position in shares of Vulcan Materials by 284.9% during the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock worth $11,104,000 after acquiring an additional 33,051 shares during the last quarter. Fiduciary Alliance LLC purchased a new position in Vulcan Materials during the fourth quarter valued at $612,000. Finally, Heritage Family Offices LLP bought a new stake in Vulcan Materials in the 4th quarter valued at $994,000. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Up 0.2 %

VMC opened at $275.04 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The stock’s 50 day moving average price is $271.68 and its 200-day moving average price is $259.47. Vulcan Materials has a one year low of $219.73 and a one year high of $298.31. The stock has a market cap of $36.32 billion, a price-to-earnings ratio of 43.38, a P/E/G ratio of 2.16 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.29 earnings per share. On average, equities analysts forecast that Vulcan Materials will post 7.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on VMC shares. Citigroup cut their price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research report on Monday, January 6th. UBS Group initiated coverage on Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target for the company. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Barclays raised their target price on shares of 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 increased their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.18.

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.