Gilbert & Cook Inc. Purchases 516 Shares of Vulcan Materials (NYSE:VMC)

Gilbert & Cook Inc. lifted its stake in Vulcan Materials (NYSE:VMC) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,951 shares of the construction company’s stock after acquiring an additional 516 shares during the quarter. Gilbert & Cook Inc.’s holdings in Vulcan Materials were worth $1,016,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its holdings in Vulcan Materials by 16.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock valued at $65,000 after buying an additional 36 shares during the last quarter. United Asset Strategies Inc. grew its holdings in Vulcan Materials by 1.1% during the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock valued at $938,000 after buying an additional 39 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Vulcan Materials by 2.3% during the third quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock valued at $498,000 after purchasing an additional 44 shares in the last quarter. Marcum Wealth LLC increased its stake in Vulcan Materials by 5.7% in the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock worth $214,000 after acquiring an additional 46 shares during the last quarter. Finally, Golden State Equity Partners grew its holdings in shares of 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 purchasing an additional 47 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Truist Financial upped their price objective on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays upped their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. upped their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Stephens reissued an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. Finally, StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Stock Performance

Shares of NYSE VMC traded up $3.32 during mid-day trading on Thursday, hitting $275.52. The stock had a trading volume of 12,739 shares, compared to its average volume of 622,746. The company has a 50 day moving average of $271.37 and a two-hundred day moving average of $260.34. Vulcan Materials has a twelve month low of $223.90 and a twelve month high of $298.31. 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 firm has a market cap of $36.38 billion, a PE ratio of 43.34, a PEG ratio of 2.16 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the company earned $2.29 EPS. Vulcan Materials’s quarterly revenue was down 8.3% on a year-over-year basis. Research analysts predict that Vulcan Materials will post 7.16 EPS for the current fiscal year.

About Vulcan Materials

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.