PFW Advisors LLC Purchases New Position in Vulcan Materials (NYSE:VMC)

PFW Advisors LLC acquired a new position in shares of Vulcan Materials (NYSE:VMC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 120,190 shares of the construction company’s stock, valued at approximately $30,916,000. Vulcan Materials makes up approximately 9.5% of PFW Advisors LLC’s portfolio, making the stock its biggest holding.

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

Vulcan Materials Stock Up 1.7 %

Shares of VMC stock traded up $4.21 on Monday, hitting $255.90. 732,843 shares of the stock were exchanged, compared to its average volume of 634,789. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $33.79 billion, a P/E ratio of 40.36, a price-to-earnings-growth ratio of 2.67 and a beta of 0.83. Vulcan Materials has a fifty-two week low of $219.73 and a fifty-two week high of $298.31. The business has a 50-day moving average of $274.46 and a 200 day moving average of $258.29.

Vulcan Materials (NYSE:VMC) last issued 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 for the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. Vulcan Materials’s revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.29 earnings per share. Equities analysts anticipate that Vulcan Materials will post 7.16 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. UBS Group started coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 price target on the stock. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Citigroup dropped their price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. upped their price target on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Finally, Barclays lifted their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $296.18.

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.