Griffin Asset Management Inc. Increases Position in Vulcan Materials (NYSE:VMC)

Griffin Asset Management Inc. grew its position in shares of Vulcan Materials (NYSE:VMC) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,743 shares of the construction company’s stock after buying an additional 220 shares during the quarter. Griffin Asset Management Inc.’s holdings in Vulcan Materials were worth $1,735,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of VMC. Public Sector Pension Investment Board lifted its stake in shares of Vulcan Materials by 70.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 5,066 shares of the construction company’s stock valued at $1,260,000 after buying an additional 2,086 shares in the last quarter. Nemes Rush Group LLC boosted its position in shares of Vulcan Materials by 209.5% during the second quarter. Nemes Rush Group LLC now owns 458 shares of the construction company’s stock valued at $114,000 after buying an additional 310 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Vulcan Materials by 126.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 21,620 shares of the construction company’s stock valued at $5,377,000 after acquiring an additional 12,093 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Vulcan Materials by 22.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,267 shares of the construction company’s stock valued at $315,000 after buying an additional 232 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Vulcan Materials by 1.8% in the second quarter. Cetera Investment Advisers now owns 14,686 shares of the construction company’s stock valued at $3,652,000 after purchasing an additional 263 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VMC has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Raymond James decreased their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. UBS Group assumed coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 price objective on the stock. Finally, Stephens reissued an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $301.18.

Vulcan Materials Stock Down 0.9 %

NYSE VMC opened at $275.02 on Tuesday. The business has a fifty day moving average price of $271.50 and a 200 day moving average price of $260.04. 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 $36.32 billion, a P/E ratio of 43.38, a P/E/G ratio of 2.16 and a beta of 0.83. Vulcan Materials has a one year low of $222.09 and a one year high of $298.31.

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 the consensus estimate of $2.34 by ($0.12). The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.29 earnings per share. Research analysts anticipate that Vulcan Materials will post 7.16 EPS for the current fiscal 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.