Moody National Bank Trust Division Trims Stock Holdings in Vulcan Materials (NYSE:VMC)

Moody National Bank Trust Division lowered its stake in Vulcan Materials (NYSE:VMC) by 4.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,719 shares of the construction company’s stock after selling 130 shares during the quarter. Moody National Bank Trust Division’s holdings in Vulcan Materials were worth $699,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VMC. Ashton Thomas Securities LLC acquired a new position in shares of Vulcan Materials in the 3rd quarter worth approximately $30,000. Concord Wealth Partners acquired a new position in Vulcan Materials during the third quarter worth $35,000. Washington Trust Advisors Inc. boosted 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 worth $40,000 after buying an additional 113 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Vulcan Materials in the third quarter valued at $42,000. Finally, Asset Dedication LLC raised 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 valued at $44,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Truist Financial raised their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup lowered their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Stephens reissued an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, January 2nd. Finally, Barclays upped their price objective on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $296.18.

Vulcan Materials Trading Up 1.5 %

NYSE:VMC opened at $259.83 on Wednesday. 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 has a 1 year low of $219.73 and a 1 year high of $298.31. The stock has a market cap of $34.31 billion, a P/E ratio of 40.98, a P/E/G ratio of 2.67 and a beta of 0.83. The stock has a 50-day simple moving average of $273.95 and a 200-day simple moving average of $258.43.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The business’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.29 earnings per share. As a group, analysts anticipate 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.