Deane Retirement Strategies Inc. Purchases 10,688 Shares of Vulcan Materials (NYSE:VMC)

Deane Retirement Strategies Inc. boosted its position in Vulcan Materials (NYSE:VMC) by 161.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,301 shares of the construction company’s stock after purchasing an additional 10,688 shares during the period. Vulcan Materials comprises 2.2% of Deane Retirement Strategies Inc.’s investment portfolio, making the stock its 14th biggest position. Deane Retirement Strategies Inc.’s holdings in Vulcan Materials were worth $4,450,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Vulcan Materials in the third quarter worth about $30,000. Concord Wealth Partners bought a new stake in shares of Vulcan Materials in the 3rd quarter worth approximately $35,000. Washington Trust Advisors Inc. lifted its stake in Vulcan Materials by 240.4% in the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after purchasing an additional 113 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Vulcan Materials during the third quarter valued at $42,000. Finally, Asset Dedication LLC increased its position in Vulcan Materials by 146.5% in the third quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after buying an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $275.13 on Wednesday. The stock’s 50-day moving average is $271.42 and its 200 day moving average is $260.18. The stock has a market cap of $36.33 billion, a price-to-earnings ratio of 43.40, a P/E/G ratio of 2.16 and a beta of 0.83. Vulcan Materials has a 1-year low of $222.09 and a 1-year high of $298.31. 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 (NYSE:VMC) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share 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 during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm posted $2.29 earnings per share. The company’s revenue was down 8.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays increased their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Truist Financial increased their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Raymond James lowered their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Stephens reiterated an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.