Empirical Asset Management LLC Buys 1,185 Shares of Vulcan Materials (NYSE:VMC)

Empirical Asset Management LLC raised its stake in shares of Vulcan Materials (NYSE:VMC) by 98.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,387 shares of the construction company’s stock after purchasing an additional 1,185 shares during the period. Empirical Asset Management LLC’s holdings in Vulcan Materials were worth $614,000 as of its most recent SEC filing.

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

Vulcan Materials Trading Up 0.4 %

Shares of VMC opened at $270.28 on Friday. The stock has a market capitalization of $35.69 billion, a PE ratio of 42.63, a P/E/G ratio of 1.97 and a beta of 0.83. The company’s fifty day moving average is $272.63 and its 200 day moving average is $258.85. 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 fifty-two week low of $219.73 and a fifty-two week high of $298.31.

Vulcan Materials (NYSE:VMC) last posted its earnings results 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 business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm earned $2.29 earnings per share. The business’s quarterly revenue was down 8.3% on a year-over-year basis. Sell-side analysts expect that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VMC has been the topic of a number of analyst reports. Citigroup lowered their target price on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. boosted their price objective on 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 Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. UBS Group began coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target on the stock. Finally, Truist Financial increased their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $301.18.

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.