Vulcan Materials (NYSE:VMC) Position Lowered by Narwhal Capital Management

Narwhal Capital Management reduced its position in shares of Vulcan Materials (NYSE:VMC) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,323 shares of the construction company’s stock after selling 1,030 shares during the period. Vulcan Materials comprises approximately 2.8% of Narwhal Capital Management’s portfolio, making the stock its 8th largest position. Narwhal Capital Management’s holdings in Vulcan Materials were worth $31,980,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after purchasing an additional 884,580 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Vulcan Materials by 18.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock valued at $533,551,000 after acquiring an additional 330,433 shares during the last quarter. Ceredex Value Advisors LLC boosted its stake in Vulcan Materials by 136.3% in the third quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company’s stock valued at $89,117,000 after acquiring an additional 205,260 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Vulcan Materials by 32.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company’s stock worth $184,353,000 after purchasing an additional 178,634 shares during the last quarter. Finally, Artemis Investment Management LLP increased its position in shares of Vulcan Materials by 67.9% during the fourth quarter. Artemis Investment Management LLP now owns 402,106 shares of the construction company’s stock worth $103,434,000 after purchasing an additional 162,567 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VMC. UBS Group started coverage on Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 price target on the stock. Citigroup lowered their target price on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Stephens reiterated an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, January 2nd. Raymond James decreased their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Finally, Barclays lifted their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Trading Up 1.0 %

NYSE VMC opened at $277.61 on Monday. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $36.66 billion, a P/E ratio of 43.79, a P/E/G ratio of 2.16 and a beta of 0.83. Vulcan Materials has a 52-week low of $221.01 and a 52-week high of $298.31. The firm has a 50-day moving average price of $271.50 and a 200 day moving average price of $259.95.

Vulcan Materials (NYSE:VMC) last issued its earnings results 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 return on equity of 11.88% and a net margin of 11.43%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the company posted $2.29 earnings per share. The business’s quarterly revenue was down 8.3% on a year-over-year basis. Equities research analysts expect that Vulcan Materials will post 7.16 EPS for the current 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.