United Asset Strategies Inc. Grows Holdings in Vulcan Materials (NYSE:VMC)

United Asset Strategies Inc. boosted its holdings in shares of Vulcan Materials (NYSE:VMC) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,869 shares of the construction company’s stock after acquiring an additional 122 shares during the period. United Asset Strategies Inc.’s holdings in Vulcan Materials were worth $995,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Geneos Wealth Management Inc. increased its stake in shares of Vulcan Materials by 16.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock valued at $65,000 after purchasing an additional 36 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Vulcan Materials by 2.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock valued at $498,000 after buying an additional 44 shares in the last quarter. Marcum Wealth LLC raised its stake in Vulcan Materials by 5.7% during the third quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock valued at $214,000 after buying an additional 46 shares during the last quarter. Golden State Equity Partners boosted its holdings in Vulcan Materials by 4.5% in the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock worth $275,000 after acquiring an additional 47 shares in the last quarter. Finally, Valley Brook Capital Group Inc. grew its stake in shares of Vulcan Materials by 5.1% in the third quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company’s stock worth $257,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VMC. Barclays lifted their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Raymond James dropped 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 note on Thursday, January 16th. Stephens reissued an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upped their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Finally, Truist Financial boosted their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Trading Down 0.9 %

Vulcan Materials stock opened at $275.02 on Tuesday. Vulcan Materials has a 52-week low of $222.09 and a 52-week high of $298.31. The company has a market cap 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 quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $271.50 and a two-hundred day simple moving average of $260.04.

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

Vulcan Materials Company 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.