BSW Wealth Partners Boosts Holdings in Vulcan Materials (NYSE:VMC)

BSW Wealth Partners grew its position in shares of Vulcan Materials (NYSE:VMC) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,487 shares of the construction company’s stock after buying an additional 63 shares during the quarter. BSW Wealth Partners’ holdings in Vulcan Materials were worth $383,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in VMC. Principal Financial Group Inc. raised its holdings in Vulcan Materials by 19.9% during the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after purchasing an additional 884,580 shares in the last quarter. State Street Corp raised its stake in shares of Vulcan Materials by 1.2% during the 3rd quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock worth $1,322,546,000 after buying an additional 65,163 shares in the last quarter. FMR LLC lifted its holdings in shares of Vulcan Materials by 2.2% in the 3rd quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock valued at $916,807,000 after buying an additional 78,271 shares during the period. Geode Capital Management LLC boosted its stake in shares of Vulcan Materials by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock valued at $826,644,000 after buying an additional 33,061 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Vulcan Materials by 18.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after acquiring an additional 330,433 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Down 0.9 %

Vulcan Materials stock opened at $272.71 on Thursday. The stock has a market cap of $36.01 billion, a PE ratio of 43.01, a P/E/G ratio of 2.16 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. The stock has a 50-day moving average price of $271.37 and a 200 day moving average price of $260.34. Vulcan Materials has a 52 week low of $223.90 and a 52 week high of $298.31.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. 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 earnings per share. The company’s revenue was down 8.3% on a year-over-year basis. Equities research analysts predict that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on VMC shares. UBS Group assumed coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price on the stock. 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 report on Tuesday, October 29th. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Stephens reissued an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a research note on Thursday, January 2nd. Finally, Raymond James dropped their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.