Park Avenue Securities LLC Grows Holdings in Vulcan Materials (NYSE:VMC)

Park Avenue Securities LLC increased its position in Vulcan Materials (NYSE:VMC) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,845 shares of the construction company’s stock after purchasing an additional 108 shares during the period. Park Avenue Securities LLC’s holdings in Vulcan Materials were worth $732,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in Vulcan Materials by 3.6% during the 2nd quarter. American Century Companies Inc. now owns 27,803 shares of the construction company’s stock valued at $6,914,000 after acquiring an additional 970 shares during the period. XTX Topco Ltd grew its holdings in Vulcan Materials by 100.2% during the 2nd quarter. XTX Topco Ltd now owns 1,944 shares of the construction company’s stock valued at $483,000 after buying an additional 973 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Vulcan Materials by 10.5% during the 2nd quarter. Pacer Advisors Inc. now owns 12,374 shares of the construction company’s stock valued at $3,077,000 after buying an additional 1,175 shares in the last quarter. Sei Investments Co. grew its holdings in Vulcan Materials by 11.9% during the 2nd quarter. Sei Investments Co. now owns 96,658 shares of the construction company’s stock valued at $24,037,000 after buying an additional 10,289 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Vulcan Materials by 7.5% during the 2nd quarter. ProShare Advisors LLC now owns 21,932 shares of the construction company’s stock valued at $5,454,000 after acquiring an additional 1,533 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Up 2.0 %

Shares of NYSE:VMC opened at $275.61 on Wednesday. Vulcan Materials has a 12-month low of $219.73 and a 12-month high of $298.31. The company has a market capitalization of $36.40 billion, a PE ratio of 43.47, a PEG ratio of 2.12 and a beta of 0.83. The business has a 50 day moving average of $272.20 and a two-hundred day moving average of $259.15. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the firm earned $2.29 earnings per share. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. As a group, analysts forecast that Vulcan Materials will post 7.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Raymond James cut their price target on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Truist Financial lifted their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group assumed coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target for the company. Finally, Stephens reissued an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.