Vulcan Materials (NYSE:VMC) Shares Sold by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management trimmed its position in Vulcan Materials (NYSE:VMC) by 1.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,713 shares of the construction company’s stock after selling 236 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in Vulcan Materials were worth $5,071,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Vulcan Materials in the third quarter valued at about $30,000. Concord Wealth Partners purchased a new stake in Vulcan Materials during the 3rd quarter valued at about $35,000. Washington Trust Advisors Inc. raised its holdings in Vulcan Materials by 240.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after acquiring an additional 113 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Vulcan Materials in the 3rd quarter worth approximately $42,000. Finally, Asset Dedication LLC boosted its holdings in shares of Vulcan Materials by 146.5% during the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after purchasing an additional 104 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Stock Up 0.4 %

Shares of NYSE VMC opened at $270.28 on Friday. Vulcan Materials has a 52-week low of $219.73 and a 52-week high of $298.31. 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’s 50 day moving average is $272.63 and its two-hundred day moving average is $258.76. The firm has a market cap of $35.69 billion, a price-to-earnings ratio of 42.63, a PEG ratio of 1.97 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) 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%. Vulcan Materials’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.29 earnings per share. Research analysts predict that Vulcan Materials will post 7.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VMC. Stephens reiterated an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. Barclays lifted 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. JPMorgan Chase & Co. raised their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Truist Financial lifted their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, UBS Group started coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.