Crossmark Global Holdings Inc. Decreases Holdings in Vulcan Materials (NYSE:VMC)

Crossmark Global Holdings Inc. trimmed its holdings in shares of Vulcan Materials (NYSE:VMC) by 17.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,081 shares of the construction company’s stock after selling 1,548 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Vulcan Materials were worth $1,822,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

VMC has been the topic of a number of recent analyst reports. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Stephens reissued an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. JPMorgan Chase & Co. increased 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 increased their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Barclays increased their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and a consensus target price of $301.18.

Vulcan Materials Price Performance

NYSE VMC opened at $275.04 on Friday. 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’s 50 day moving average price is $271.68 and its 200-day moving average price is $259.47. Vulcan Materials has a 52-week low of $219.73 and a 52-week high of $298.31. The company has a market cap of $36.32 billion, a PE ratio of 43.38, a P/E/G ratio of 2.16 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data 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). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the business posted $2.29 earnings per share. Vulcan Materials’s revenue for the quarter was down 8.3% on a year-over-year basis. Sell-side analysts forecast that Vulcan Materials will post 7.16 EPS 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.