Golden State Equity Partners Has $302,000 Stake in Vulcan Materials (NYSE:VMC)

Golden State Equity Partners raised its holdings in Vulcan Materials (NYSE:VMC) by 65.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,173 shares of the construction company’s stock after acquiring an additional 466 shares during the quarter. Golden State Equity Partners’ holdings in Vulcan Materials were worth $302,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in Vulcan Materials in the 3rd quarter valued at $30,000. Concord Wealth Partners acquired a new stake in Vulcan Materials in the 3rd quarter valued at $35,000. Washington Trust Advisors Inc. increased its stake in Vulcan Materials by 240.4% in 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 during the last quarter. Capital Performance Advisors LLP acquired a new stake in Vulcan Materials in the 3rd quarter valued at $42,000. Finally, Asset Dedication LLC increased its stake 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 buying an additional 104 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

NYSE VMC opened at $271.38 on Tuesday. 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 company has a market capitalization of $35.84 billion, a P/E ratio of 42.80, a P/E/G ratio of 2.12 and a beta of 0.83. Vulcan Materials has a 12-month low of $225.36 and a 12-month high of $298.31. The firm has a 50-day moving average price of $270.96 and a two-hundred day moving average price of $260.70.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Truist Financial lifted their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays boosted 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. Raymond James lowered their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price objective 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. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.18.

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.