Vulcan Materials (NYSE:VMC) Shares Acquired by Griffin Asset Management Inc.

Griffin Asset Management Inc. boosted its holdings in Vulcan Materials (NYSE:VMC) by 3.4% during the fourth quarter, HoldingsChannel reports. The fund owned 6,743 shares of the construction company’s stock after buying an additional 220 shares during the period. Griffin Asset Management Inc.’s holdings in Vulcan Materials were worth $1,735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of Vulcan Materials during the 3rd quarter worth $30,000. Concord Wealth Partners purchased a new position in Vulcan Materials during the third quarter worth about $35,000. Washington Trust Advisors Inc. increased its position in shares of Vulcan Materials by 240.4% during the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after acquiring an additional 113 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Vulcan Materials in the 3rd quarter valued at approximately $42,000. Finally, Asset Dedication LLC lifted its holdings in shares of Vulcan Materials by 146.5% in the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Down 0.9 %

Shares of Vulcan Materials stock opened at $275.02 on Tuesday. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $271.50 and a 200-day simple moving average of $260.04. The stock has a market cap of $36.32 billion, a price-to-earnings ratio of 43.38, a PEG ratio of 2.16 and a beta of 0.83. Vulcan Materials has a 12-month low of $222.09 and a 12-month high of $298.31.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VMC shares. Citigroup dropped their target price on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a report on Monday, January 6th. UBS Group began coverage on Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price for the company. Truist Financial increased their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays lifted their price objective 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, Raymond James decreased their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and an average 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.