Hantz Financial Services Inc. Sells 1,294 Shares of Vulcan Materials (NYSE:VMC)

Hantz Financial Services Inc. reduced its stake in Vulcan Materials (NYSE:VMC) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,303 shares of the construction company’s stock after selling 1,294 shares during the period. Hantz Financial Services Inc.’s holdings in Vulcan Materials were worth $8,052,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VMC. Geneos Wealth Management Inc. raised its position in Vulcan Materials by 16.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock worth $65,000 after purchasing an additional 36 shares during the period. United Asset Strategies Inc. grew its stake in shares of Vulcan Materials by 1.1% during the third 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 during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Vulcan Materials by 2.3% in the third quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after buying an additional 44 shares during the period. Marcum Wealth LLC lifted its stake in shares of Vulcan Materials by 5.7% in the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock valued at $214,000 after acquiring an additional 46 shares during the last quarter. Finally, Golden State Equity Partners lifted its stake in shares of Vulcan Materials by 4.5% in the 3rd quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock valued at $275,000 after acquiring an additional 47 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on VMC shares. Stephens reaffirmed an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a research note on Thursday, January 2nd. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a 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. Raymond James cut their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Finally, Truist Financial boosted their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $301.18.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $272.71 on Thursday. Vulcan Materials has a 1 year low of $223.90 and a 1 year high of $298.31. The stock has a market capitalization of $36.01 billion, a P/E ratio of 43.01, a P/E/G ratio of 2.16 and a beta of 0.83. The company’s 50-day moving average is $271.37 and its 200 day moving average is $260.34. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02.

Vulcan Materials (NYSE:VMC) last posted its earnings results 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). The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm’s revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the company posted $2.29 EPS. On average, sell-side analysts expect that Vulcan Materials will post 7.16 earnings per share for the current 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.