Vulcan Materials (NYSE:VMC) Shares Sold by Narwhal Capital Management

Narwhal Capital Management decreased its stake in shares of Vulcan Materials (NYSE:VMC) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 124,323 shares of the construction company’s stock after selling 1,030 shares during the quarter. Vulcan Materials comprises 2.8% of Narwhal Capital Management’s holdings, making the stock its 8th largest position. Narwhal Capital Management owned 0.09% of Vulcan Materials worth $31,980,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMC. Principal Financial Group Inc. raised its holdings in shares of Vulcan Materials by 19.9% during the 3rd 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 period. Allspring Global Investments Holdings LLC increased its position in Vulcan Materials by 18.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after purchasing an additional 330,433 shares during the last quarter. Ceredex Value Advisors LLC raised its stake in Vulcan Materials by 136.3% during the third quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company’s stock worth $89,117,000 after purchasing an additional 205,260 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Vulcan Materials by 32.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company’s stock valued at $184,353,000 after purchasing an additional 178,634 shares during the last quarter. Finally, Artemis Investment Management LLP grew its stake in shares of Vulcan Materials by 67.9% in the 4th quarter. Artemis Investment Management LLP now owns 402,106 shares of the construction company’s stock valued at $103,434,000 after buying an additional 162,567 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Up 1.0 %

NYSE VMC opened at $277.61 on Monday. Vulcan Materials has a one year low of $221.01 and a one year high of $298.31. The firm has a 50 day simple moving average of $271.50 and a 200-day simple moving average of $259.95. The firm has a market cap of $36.66 billion, a price-to-earnings ratio of 43.79, a PEG ratio of 2.16 and a beta of 0.83. 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 (NYSE:VMC) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business’s revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.29 EPS. Equities research analysts anticipate that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Raymond James reduced their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Stephens reiterated an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Truist Financial boosted 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. Finally, Barclays increased their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Vulcan Materials presently has an average 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.