3,865 Shares in Vulcan Materials (NYSE:VMC) Acquired by Heritage Family Offices LLP

Heritage Family Offices LLP purchased a new stake in Vulcan Materials (NYSE:VMC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,865 shares of the construction company’s stock, valued at approximately $994,000.

Several other institutional investors have also modified their holdings of VMC. Principal Financial Group Inc. boosted its holdings in Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after purchasing an additional 884,580 shares during the period. Allspring Global Investments Holdings LLC raised its position in Vulcan Materials by 18.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock valued at $533,551,000 after purchasing an additional 330,433 shares in the last quarter. Ceredex Value Advisors LLC boosted its stake in shares of Vulcan Materials by 136.3% in the 3rd quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company’s stock valued at $89,117,000 after buying an additional 205,260 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Vulcan Materials by 32.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company’s stock worth $184,353,000 after buying an additional 178,634 shares in the last quarter. Finally, Stockbridge Partners LLC increased its stake in shares of Vulcan Materials by 9.6% during the third quarter. Stockbridge Partners LLC now owns 1,568,564 shares of the construction company’s stock worth $392,815,000 after buying an additional 137,365 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

VMC has been the subject of several analyst reports. Truist Financial boosted their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Citigroup dropped their target price on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Stephens reaffirmed an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Finally, Barclays increased their price objective on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $296.18.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $268.29 on Thursday. 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 stock has a market cap of $35.43 billion, a P/E ratio of 42.32, a P/E/G ratio of 1.97 and a beta of 0.83. The stock has a 50 day moving average of $273.95 and a two-hundred day moving average of $258.43. Vulcan Materials has a twelve month low of $219.73 and a twelve month high of $298.31.

Vulcan Materials (NYSE:VMC) last issued 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 business had revenue of $2 billion for 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 firm’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.29 EPS. On average, research analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current year.

About Vulcan Materials

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.