Vulcan Materials (NYSE:VMC) Shares Bought by Gilbert & Cook Inc.

Gilbert & Cook Inc. grew its stake in Vulcan Materials (NYSE:VMC) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,951 shares of the construction company’s stock after purchasing an additional 516 shares during the quarter. Gilbert & Cook Inc.’s holdings in Vulcan Materials were worth $1,016,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Virtu Financial LLC acquired a new position in shares of Vulcan Materials during the third quarter valued at approximately $811,000. Campbell Newman Asset Management Inc. acquired a new stake in Vulcan Materials during the 4th quarter worth $15,719,000. Franklin Resources Inc. raised its position in shares of Vulcan Materials by 284.9% in the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock valued at $11,104,000 after buying an additional 33,051 shares during the last quarter. Fiduciary Alliance LLC acquired a new stake in Vulcan Materials in the 4th quarter valued at about $612,000. Finally, Heritage Family Offices LLP acquired a new position in shares of Vulcan Materials during the 4th quarter worth approximately $994,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

VMC has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. UBS Group initiated coverage on Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 target price for the company. Truist Financial upped their price target on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays raised their price objective on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $301.18.

Vulcan Materials Stock Up 1.2 %

VMC stock traded up $3.32 during mid-day trading on Thursday, reaching $275.52. The company had a trading volume of 12,739 shares, compared to its average volume of 622,746. Vulcan Materials has a fifty-two week low of $223.90 and a fifty-two week high of $298.31. The company has a market capitalization of $36.38 billion, a price-to-earnings ratio of 43.34, a price-to-earnings-growth ratio of 2.16 and a beta of 0.83. 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 firm has a fifty day simple moving average of $271.37 and a 200 day simple moving average of $260.34.

Vulcan Materials (NYSE:VMC) last announced 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 firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the company posted $2.29 earnings per share. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. Analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

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.