United Asset Strategies Inc. Grows Holdings in Vulcan Materials (NYSE:VMC)

United Asset Strategies Inc. boosted its position in shares of Vulcan Materials (NYSE:VMC) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,869 shares of the construction company’s stock after acquiring an additional 122 shares during the period. United Asset Strategies Inc.’s holdings in Vulcan Materials were worth $995,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of Vulcan Materials by 149.1% during the 4th quarter. Blue Trust Inc. now owns 1,340 shares of the construction company’s stock valued at $336,000 after buying an additional 802 shares in the last quarter. Regency Capital Management Inc. DE raised its holdings in Vulcan Materials by 1.1% during the fourth quarter. Regency Capital Management Inc. DE now owns 20,423 shares of the construction company’s stock valued at $5,253,000 after acquiring an additional 216 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Vulcan Materials by 16.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock valued at $65,000 after acquiring an additional 36 shares in the last quarter. Brighton Jones LLC bought a new position in shares of Vulcan Materials in the fourth quarter worth about $497,000. Finally, SG Americas Securities LLC grew its position in shares of Vulcan Materials by 64.9% during the fourth quarter. SG Americas Securities LLC now owns 7,910 shares of the construction company’s stock worth $2,035,000 after purchasing an additional 3,113 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $275.02 on Tuesday. The stock has a market cap of $36.32 billion, a price-to-earnings ratio of 43.38, a price-to-earnings-growth ratio of 2.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The stock has a 50 day moving average price of $271.50 and a 200-day moving average price of $260.04. Vulcan Materials has a one year low of $222.09 and a one year high of $298.31.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 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 firm 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 firm earned $2.29 earnings per share. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. Equities analysts expect that Vulcan Materials will post 7.16 EPS for the current year.

Analysts Set New Price Targets

VMC has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price target on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. 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 boosted their price target 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. Barclays raised their price objective on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Citigroup decreased their target price on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average target price 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.