Hantz Financial Services Inc. Lowers Stake in Vulcan Materials (NYSE:VMC)

Hantz Financial Services Inc. lessened its holdings in Vulcan Materials (NYSE:VMC) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,303 shares of the construction company’s stock after selling 1,294 shares during the quarter. Hantz Financial Services Inc.’s holdings in Vulcan Materials were worth $8,052,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of Vulcan Materials in the 3rd quarter worth approximately $811,000. Campbell Newman Asset Management Inc. purchased a new position in Vulcan Materials during the fourth quarter valued at $15,719,000. Franklin Resources Inc. boosted its holdings in Vulcan Materials by 284.9% in the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock worth $11,104,000 after acquiring an additional 33,051 shares in the last quarter. Fiduciary Alliance LLC purchased a new stake in shares of Vulcan Materials in the fourth quarter worth $612,000. Finally, Heritage Family Offices LLP bought a new position in shares of Vulcan Materials during the fourth quarter valued at $994,000. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

VMC stock opened at $272.71 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. Vulcan Materials has a 1 year low of $223.90 and a 1 year high of $298.31. The company has a market cap of $36.01 billion, a P/E ratio of 43.01, a price-to-earnings-growth ratio of 2.16 and a beta of 0.83. The stock’s fifty day moving average price is $271.37 and its 200-day moving average price is $260.34.

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 return on equity of 11.88% and a net margin of 11.43%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the business posted $2.29 earnings per share. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, equities analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on VMC. UBS Group initiated 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 on the stock. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Raymond James cut their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Citigroup decreased their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Barclays upped their price objective on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.