Vulcan Materials (NYSE:VMC) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC reduced its holdings in Vulcan Materials (NYSE:VMC) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,123 shares of the construction company’s stock after selling 656 shares during the period. Stonegate Investment Group LLC’s holdings in Vulcan Materials were worth $5,691,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Sector Pension Investment Board raised its position in Vulcan Materials by 70.0% in the second quarter. Public Sector Pension Investment Board now owns 5,066 shares of the construction company’s stock valued at $1,260,000 after purchasing an additional 2,086 shares during the period. Nemes Rush Group LLC raised its position in shares of Vulcan Materials by 209.5% during the 2nd quarter. Nemes Rush Group LLC now owns 458 shares of the construction company’s stock worth $114,000 after acquiring an additional 310 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Vulcan Materials by 126.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 21,620 shares of the construction company’s stock valued at $5,377,000 after acquiring an additional 12,093 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position 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 acquiring an additional 232 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Vulcan Materials by 1.8% during the second quarter. Cetera Investment Advisers now owns 14,686 shares of the construction company’s stock worth $3,652,000 after purchasing an additional 263 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Down 0.9 %

VMC opened at $275.02 on Tuesday. The company has a market capitalization of $36.32 billion, a P/E ratio of 43.38, a P/E/G 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. Vulcan Materials has a fifty-two week low of $222.09 and a fifty-two week high of $298.31. The firm’s fifty day moving average price is $271.50 and its two-hundred day moving average price is $260.04.

Vulcan Materials (NYSE:VMC) last announced 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). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the firm posted $2.29 earnings per share. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, analysts anticipate that Vulcan Materials will post 7.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VMC. Barclays raised their price target on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Stephens reiterated an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Raymond James reduced their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. increased their price target on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Finally, StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials currently 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.