Sumitomo Life Insurance Co. Boosts Holdings in Vulcan Materials (NYSE:VMC)

Sumitomo Life Insurance Co. grew its position in Vulcan Materials (NYSE:VMC) by 123.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,242 shares of the construction company’s stock after acquiring an additional 15,584 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Vulcan Materials were worth $7,265,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Vulcan Materials in the 4th quarter worth about $121,000. Deane Retirement Strategies Inc. grew its stake in shares of Vulcan Materials by 161.6% during the fourth quarter. Deane Retirement Strategies Inc. now owns 17,301 shares of the construction company’s stock valued at $4,450,000 after buying an additional 10,688 shares during the last quarter. BSW Wealth Partners raised its holdings in shares of Vulcan Materials by 4.4% in the fourth quarter. BSW Wealth Partners now owns 1,487 shares of the construction company’s stock worth $383,000 after buying an additional 63 shares during the period. Griffin Asset Management Inc. lifted its stake in shares of Vulcan Materials by 3.4% during the 4th quarter. Griffin Asset Management Inc. now owns 6,743 shares of the construction company’s stock worth $1,735,000 after acquiring an additional 220 shares during the last quarter. Finally, United Asset Strategies Inc. boosted its holdings in Vulcan Materials by 3.3% during the 4th quarter. United Asset Strategies Inc. now owns 3,869 shares of the construction company’s stock valued at $995,000 after acquiring an additional 122 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Raymond James reduced their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. UBS Group started coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Truist Financial lifted their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $301.18.

Vulcan Materials Stock Up 0.1 %

Vulcan Materials stock opened at $275.13 on Wednesday. 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 market cap of $36.33 billion, a P/E ratio of 43.40, a P/E/G ratio of 2.16 and a beta of 0.83. The business has a fifty day moving average of $271.42 and a two-hundred day moving average of $260.18. Vulcan Materials has a twelve month low of $222.09 and a twelve month high of $298.31.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data 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 company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the company earned $2.29 earnings per share. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current fiscal 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.