Vulcan Materials (NYSE:VMC) Stock Holdings Lessened by Pacer Advisors Inc.

Pacer Advisors Inc. cut its holdings in Vulcan Materials (NYSE:VMC) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,591 shares of the construction company’s stock after selling 219 shares during the period. Pacer Advisors Inc.’s holdings in Vulcan Materials were worth $2,982,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. United Asset Strategies Inc. lifted its holdings in Vulcan Materials by 3.3% in the fourth quarter. United Asset Strategies Inc. now owns 3,869 shares of the construction company’s stock worth $995,000 after acquiring an additional 122 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Vulcan Materials by 149.1% in the 4th quarter. Blue Trust Inc. now owns 1,340 shares of the construction company’s stock worth $336,000 after purchasing an additional 802 shares during the last quarter. Regency Capital Management Inc. DE boosted its position in Vulcan Materials by 1.1% during the 4th quarter. Regency Capital Management Inc. DE now owns 20,423 shares of the construction company’s stock valued at $5,253,000 after purchasing an additional 216 shares during the period. Geneos Wealth Management Inc. increased its position in Vulcan Materials by 16.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock worth $65,000 after buying an additional 36 shares during the period. Finally, Brighton Jones LLC acquired a new stake in Vulcan Materials in the fourth quarter worth $497,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Truist Financial raised 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. Raymond James decreased their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. 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, JPMorgan Chase & Co. raised their price target on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Stock Performance

NYSE:VMC opened at $274.26 on Friday. The company has a 50-day moving average of $271.17 and a 200-day moving average of $260.54. The firm has a market cap of $36.22 billion, a price-to-earnings ratio of 43.26, a price-to-earnings-growth ratio of 2.10 and a beta of 0.83. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. Vulcan Materials has a twelve month low of $223.90 and a twelve month high of $298.31.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm posted $2.29 EPS. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. Analysts forecast that Vulcan Materials will post 7.16 earnings per share 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.