AdvisorNet Financial Inc Has $34,000 Stock Holdings in Vulcan Materials (NYSE:VMC)

AdvisorNet Financial Inc lessened its position in shares of Vulcan Materials (NYSE:VMC) by 33.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133 shares of the construction company’s stock after selling 68 shares during the quarter. AdvisorNet Financial Inc’s holdings in Vulcan Materials were worth $34,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in Vulcan Materials in the third quarter valued at about $30,000. Concord Wealth Partners acquired a new position in Vulcan Materials in the third quarter valued at about $35,000. Washington Trust Advisors Inc. lifted its stake in Vulcan Materials by 240.4% in the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after buying an additional 113 shares during the period. Capital Performance Advisors LLP acquired a new position in Vulcan Materials in the third quarter valued at about $42,000. Finally, Asset Dedication LLC lifted its stake in Vulcan Materials by 146.5% in the third quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock valued at $44,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Up 0.4 %

NYSE:VMC opened at $270.28 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The company has a market cap of $35.69 billion, a PE ratio of 42.63, a PEG ratio of 1.97 and a beta of 0.83. Vulcan Materials has a 52-week low of $219.73 and a 52-week high of $298.31. The stock has a 50-day simple moving average of $272.63 and a 200 day simple moving average of $258.85.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citigroup cut 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. Truist Financial increased their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stephens restated an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Barclays increased their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. increased their price target on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and a consensus price target of $301.18.

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.