Jamison Private Wealth Management Inc. Sells 392 Shares of Vulcan Materials (NYSE:VMC)

Jamison Private Wealth Management Inc. lessened its holdings in Vulcan Materials (NYSE:VMC) by 0.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 81,311 shares of the construction company’s stock after selling 392 shares during the period. Vulcan Materials accounts for about 3.1% of Jamison Private Wealth Management Inc.’s portfolio, making the stock its 5th biggest position. Jamison Private Wealth Management Inc.’s holdings in Vulcan Materials were worth $20,916,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in Vulcan Materials in the third quarter valued at $811,000. Campbell Newman Asset Management Inc. acquired a new position in shares of Vulcan Materials in the 4th quarter valued at about $15,719,000. Franklin Resources Inc. boosted its stake 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 worth $11,104,000 after buying an additional 33,051 shares during the last quarter. Fiduciary Alliance LLC acquired a new stake in Vulcan Materials during the fourth quarter worth about $612,000. Finally, Heritage Family Offices LLP purchased a new position in Vulcan Materials during the fourth quarter valued at approximately $994,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

VMC has been the topic of a number of recent analyst reports. UBS Group started coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price on the stock. Citigroup decreased their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Barclays raised their price objective on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Stephens reissued an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a research note on Thursday, January 2nd. Finally, Raymond James cut their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Trading Up 1.0 %

Shares of VMC stock opened at $277.61 on Friday. Vulcan Materials has a 1-year low of $221.01 and a 1-year high of $298.31. The firm has a market cap of $36.66 billion, a PE ratio of 43.79, a price-to-earnings-growth ratio of 2.16 and a beta of 0.83. The company has a 50-day moving average of $271.50 and a two-hundred day moving average of $259.83. 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 (NYSE:VMC) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the business posted $2.29 EPS. The business’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, analysts predict that Vulcan Materials will post 7.16 EPS for the current year.

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.