Wingate Wealth Advisors Inc. Invests $84,000 in Vulcan Materials (NYSE:VMC)

Wingate Wealth Advisors Inc. bought a new position in shares of Vulcan Materials (NYSE:VMC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 325 shares of the construction company’s stock, valued at approximately $84,000.

Several other hedge funds also recently made changes to their positions in the business. Geneos Wealth Management Inc. increased its holdings in shares of Vulcan Materials by 16.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock worth $65,000 after purchasing an additional 36 shares during the period. United Asset Strategies Inc. increased its stake in Vulcan Materials by 1.1% in the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock valued at $938,000 after acquiring an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Vulcan Materials by 2.3% in the third quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock valued at $498,000 after acquiring an additional 44 shares during the last quarter. Golden State Equity Partners increased its stake in Vulcan Materials by 4.5% in the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock valued at $275,000 after acquiring an additional 47 shares during the last quarter. Finally, Valley Brook Capital Group Inc. increased its stake in Vulcan Materials by 5.1% in the third quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company’s stock valued at $257,000 after acquiring an additional 50 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VMC. JPMorgan Chase & Co. lifted their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. 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. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Stephens reaffirmed an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, January 2nd. Finally, Truist Financial boosted their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $301.18.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $268.40 on Tuesday. The firm has a market cap of $35.44 billion, a PE ratio of 42.33, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84. The firm’s fifty day moving average is $269.51 and its 200-day moving average is $261.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. Vulcan Materials has a 52 week low of $225.36 and a 52 week high of $298.31.

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.