Oak Thistle LLC Has $1.02 Million Position in Vulcan Materials (NYSE:VMC)

Oak Thistle LLC trimmed its stake in shares of Vulcan Materials (NYSE:VMC) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,981 shares of the construction company’s stock after selling 312 shares during the quarter. Oak Thistle LLC’s holdings in Vulcan Materials were worth $1,024,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

VMC has been the topic of several research reports. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. UBS Group started coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price on the stock. Barclays raised their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Truist Financial lifted their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $296.18.

Vulcan Materials Price Performance

VMC stock opened at $268.29 on Thursday. 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 $35.43 billion, a price-to-earnings ratio of 42.32, a PEG ratio of 2.67 and a beta of 0.83. The company’s fifty day simple moving average is $273.95 and its 200 day simple moving average is $258.43. Vulcan Materials has a 12-month low of $219.73 and a 12-month high of $298.31.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data 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). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the firm earned $2.29 earnings per share. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, analysts expect that Vulcan Materials will post 7.16 earnings per share for the current year.

Vulcan Materials 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.