Campbell Newman Asset Management Inc. Invests $15.72 Million in Vulcan Materials (NYSE:VMC)

Campbell Newman Asset Management Inc. acquired a new stake in shares of Vulcan Materials (NYSE:VMC) during the fourth quarter, HoldingsChannel reports. The firm acquired 61,109 shares of the construction company’s stock, valued at approximately $15,719,000.

A number of other large investors have also modified their holdings of VMC. Ashton Thomas Securities LLC bought a new stake in Vulcan Materials in the 3rd quarter valued at $30,000. Concord Wealth Partners acquired a new stake in shares of Vulcan Materials during the 3rd quarter valued at about $35,000. Washington Trust Advisors Inc. increased its stake in Vulcan Materials by 240.4% in the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after acquiring an additional 113 shares during the period. Capital Performance Advisors LLP acquired a new position in Vulcan Materials in the third quarter worth about $42,000. Finally, Asset Dedication LLC lifted its stake in Vulcan Materials by 146.5% during 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 during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays increased their target price on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Stephens reissued an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. UBS Group began coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price for the company. Citigroup reduced their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Vulcan Materials currently has an average rating of “Moderate Buy” and a consensus price target of $296.18.

Vulcan Materials Trading Up 2.6 %

Shares of VMC stock traded up $6.67 during trading hours on Wednesday, reaching $266.74. The company had a trading volume of 46,970 shares, compared to its average volume of 557,445. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. Vulcan Materials has a 1-year low of $219.73 and a 1-year high of $298.31. The company has a 50 day moving average of $273.95 and a 200 day moving average of $258.43. The firm has a market cap of $35.23 billion, a price-to-earnings ratio of 42.07, a P/E/G ratio of 2.67 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) 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 company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $2.29 EPS. Vulcan Materials’s quarterly revenue was down 8.3% on a year-over-year basis. On average, equities research analysts anticipate that Vulcan Materials will post 7.16 EPS for the current year.

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.