Spire Wealth Management Boosts Stock Holdings in Vulcan Materials (NYSE:VMC)

Spire Wealth Management lifted its holdings in Vulcan Materials (NYSE:VMC) by 123.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 840 shares of the construction company’s stock after acquiring an additional 464 shares during the period. Spire Wealth Management’s holdings in Vulcan Materials were worth $216,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in Vulcan Materials during the 3rd quarter valued at $811,000. DAVENPORT & Co LLC lifted its position in Vulcan Materials by 149.4% in the 4th quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company’s stock valued at $2,416,000 after purchasing an additional 5,627 shares during the last quarter. Smith Group Asset Management LLC bought a new stake in Vulcan Materials in the 4th quarter valued at about $514,000. Campbell Newman Asset Management Inc. bought a new stake in shares of Vulcan Materials during the 4th quarter worth about $15,719,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Vulcan Materials by 284.9% in the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock valued at $11,104,000 after acquiring an additional 33,051 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

VMC has been the topic of several research analyst reports. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Raymond James decreased their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. Truist Financial raised their target price on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Stephens reissued an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. Finally, Barclays boosted their price target 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 research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Vulcan Materials currently has an average rating of “Moderate Buy” and a consensus price target of $301.18.

Vulcan Materials Trading Down 1.6 %

VMC stock opened at $272.65 on Friday. Vulcan Materials has a 1-year low of $225.36 and a 1-year high of $298.31. The firm has a market cap of $36.01 billion, a P/E ratio of 43.00, a P/E/G ratio of 2.12 and a beta of 0.84. The business’s 50 day moving average is $269.82 and its 200-day moving average is $261.12. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42.

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.