Jamison Private Wealth Management Inc. Has $20.92 Million Stock Position in Vulcan Materials (NYSE:VMC)

Jamison Private Wealth Management Inc. reduced its stake in shares of Vulcan Materials (NYSE:VMC) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,311 shares of the construction company’s stock after selling 392 shares during the quarter. Vulcan Materials comprises about 3.1% of Jamison Private Wealth Management Inc.’s investment portfolio, making the stock its 5th biggest position. Jamison Private Wealth Management Inc. owned 0.06% of Vulcan Materials worth $20,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VMC. Virtu Financial LLC bought a new stake in shares of Vulcan Materials in the 3rd quarter worth about $811,000. Campbell Newman Asset Management Inc. purchased a new position in shares of Vulcan Materials during the fourth quarter valued at approximately $15,719,000. Franklin Resources Inc. grew its stake in shares of Vulcan Materials by 284.9% during the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock valued at $11,104,000 after buying an additional 33,051 shares during the last quarter. Fiduciary Alliance LLC purchased a new stake in shares of Vulcan Materials in the fourth quarter worth approximately $612,000. Finally, Heritage Family Offices LLP bought a new stake in shares of Vulcan Materials during the 4th quarter worth approximately $994,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Price Performance

VMC opened at $277.61 on Friday. The firm has a market capitalization of $36.66 billion, a PE ratio of 43.79, a price-to-earnings-growth ratio of 2.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The business’s 50-day moving average is $271.50 and its two-hundred day moving average is $259.83. Vulcan Materials has a 1 year low of $221.01 and a 1 year high of $298.31.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the firm posted $2.29 earnings per share. Vulcan Materials’s revenue for the quarter was down 8.3% compared to the same quarter last year. Research analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Stephens reaffirmed an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. Barclays upped 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. Truist Financial lifted 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. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price target on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and a consensus 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.