Rosenberg Matthew Hamilton Grows Position in Vulcan Materials (NYSE:VMC)

Rosenberg Matthew Hamilton grew its stake in shares of Vulcan Materials (NYSE:VMC) by 28.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 610 shares of the construction company’s stock after acquiring an additional 136 shares during the period. Rosenberg Matthew Hamilton’s holdings in Vulcan Materials were worth $157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Virtu Financial LLC purchased a new stake in Vulcan Materials during the third quarter worth $811,000. Franklin Resources Inc. raised its stake in shares of Vulcan Materials by 284.9% during the 3rd quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock worth $11,104,000 after buying an additional 33,051 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Vulcan Materials by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company’s stock worth $331,404,000 after buying an additional 43,294 shares in the last quarter. Tower Bridge Advisors grew its stake in Vulcan Materials by 64.5% in the 3rd quarter. Tower Bridge Advisors now owns 4,936 shares of the construction company’s stock valued at $1,236,000 after acquiring an additional 1,936 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in Vulcan Materials by 4.9% during the 4th quarter. Nordea Investment Management AB now owns 585,596 shares of the construction company’s stock valued at $151,435,000 after acquiring an additional 27,102 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VMC. Citigroup reduced their target price on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. increased their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Barclays lifted their price objective on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Stephens restated an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd. Finally, StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.18.

Vulcan Materials Trading Up 1.5 %

Shares of NYSE:VMC opened at $259.83 on Wednesday. The company has a 50 day moving average of $273.95 and a 200-day moving average of $258.43. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The firm has a market cap of $34.31 billion, a P/E ratio of 40.98, a P/E/G ratio of 2.67 and a beta of 0.83. Vulcan Materials has a twelve month low of $219.73 and a twelve month 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 for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.29 EPS. As a group, analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal 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.