Exchange Traded Concepts LLC Reduces Holdings in Vulcan Materials (NYSE:VMC)

Exchange Traded Concepts LLC cut its stake in Vulcan Materials (NYSE:VMC) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 741 shares of the construction company’s stock after selling 109 shares during the period. Exchange Traded Concepts LLC’s holdings in Vulcan Materials were worth $191,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. lifted its stake in shares of Vulcan Materials by 22.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 1,267 shares of the construction company’s stock worth $315,000 after buying an additional 232 shares during the period. Cetera Investment Advisers raised its stake in Vulcan Materials by 1.8% in the 2nd quarter. Cetera Investment Advisers now owns 14,686 shares of the construction company’s stock worth $3,652,000 after acquiring an additional 263 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Vulcan Materials during the 2nd quarter worth about $6,152,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Vulcan Materials during the 2nd quarter valued at about $2,760,000. Finally, Czech National Bank grew its stake in Vulcan Materials by 6.7% during the 3rd quarter. Czech National Bank now owns 26,902 shares of the construction company’s stock valued at $6,737,000 after purchasing an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VMC shares. Raymond James reduced their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Stephens restated an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a research note on Thursday, January 2nd. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Truist Financial boosted their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, UBS Group initiated coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and an average price target of $301.18.

Vulcan Materials Price Performance

NYSE:VMC opened at $274.26 on Friday. The stock has a market capitalization of $36.22 billion, a PE ratio of 43.26, a price-to-earnings-growth ratio of 2.10 and a beta of 0.83. Vulcan Materials has a 52 week low of $223.90 and a 52 week high of $298.31. 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 stock’s 50-day moving average price is $270.96 and its 200-day moving average price is $260.68.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 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 analysts’ expectations of $2.01 billion. During the same quarter last year, the firm earned $2.29 earnings per share. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. As a group, equities analysts expect that Vulcan Materials will post 7.16 EPS for the current fiscal year.

About Vulcan Materials

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.