Vulcan Materials (NYSE:VMC) Shares Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors lifted its position in shares of Vulcan Materials (NYSE:VMC) by 51.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,626 shares of the construction company’s stock after buying an additional 555 shares during the quarter. Arkadios Wealth Advisors’ holdings in Vulcan Materials were worth $418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in Vulcan Materials by 19.9% during the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after acquiring an additional 884,580 shares during the last quarter. State Street Corp increased its stake in shares of Vulcan Materials by 1.2% during the 3rd quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock worth $1,322,546,000 after purchasing an additional 65,163 shares in the last quarter. FMR LLC raised its position in shares of Vulcan Materials by 2.2% during the 3rd quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock worth $916,807,000 after purchasing an additional 78,271 shares during the last quarter. Geode Capital Management LLC lifted its stake in Vulcan Materials by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock valued at $826,644,000 after buying an additional 33,061 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Vulcan Materials by 18.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock valued at $533,551,000 after buying an additional 330,433 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Trading Down 0.3 %

Shares of VMC opened at $274.64 on Thursday. The stock’s fifty day simple moving average is $271.94 and its 200 day simple moving average is $259.37. Vulcan Materials has a twelve month low of $219.73 and a twelve month high of $298.31. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $36.27 billion, a P/E ratio of 43.32, a price-to-earnings-growth ratio of 2.12 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). The firm had revenue of $2 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $2.29 earnings per share. On average, equities research analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VMC. JPMorgan Chase & Co. boosted their price target on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Barclays lifted their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Citigroup reduced their price objective 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. Finally, Truist Financial lifted their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $301.18.

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.