Smith Group Asset Management LLC Takes Position in Vulcan Materials (NYSE:VMC)

Smith Group Asset Management LLC purchased a new stake in Vulcan Materials (NYSE:VMC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,000 shares of the construction company's stock, valued at approximately $514,000.

Several other hedge funds have also modified their holdings of the business. Ashton Thomas Securities LLC acquired a new position in Vulcan Materials during the third quarter worth $30,000. Concord Wealth Partners acquired a new position in Vulcan Materials during the third quarter worth $35,000. Washington Trust Advisors Inc. raised its holdings in Vulcan Materials by 240.4% during the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company's stock worth $40,000 after purchasing an additional 113 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Vulcan Materials during the third quarter worth $42,000. Finally, Asset Dedication LLC raised its holdings in Vulcan Materials by 146.5% during the third quarter. Asset Dedication LLC now owns 175 shares of the construction company's stock worth $44,000 after purchasing an additional 104 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on VMC shares. StockNews.com raised Vulcan Materials from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Citigroup cut their price target on Vulcan Materials from $325.00 to $301.00 and set a "buy" rating for the company in a report on Monday, January 6th. Stephens reaffirmed an "overweight" rating and issued a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. JPMorgan Chase & Co. boosted their price target on Vulcan Materials from $245.00 to $290.00 and gave the company a "neutral" rating in a research report on Wednesday, November 27th. Finally, Truist Financial boosted their price target on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Vulcan Materials has a consensus rating of "Moderate Buy" and an average price target of $301.18.

Vulcan Materials Stock Up 1.0 %

Shares of NYSE VMC traded up $2.79 on Thursday, hitting $274.99. The company had a trading volume of 100,109 shares, compared to its average volume of 626,867. Vulcan Materials has a 12-month low of $223.90 and a 12-month high of $298.31. The business has a 50 day moving average of $271.26 and a two-hundred day moving average of $260.43. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $36.31 billion, a P/E ratio of 43.37, a PEG ratio of 2.16 and a beta of 0.83.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results 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 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 EPS. The company's revenue was down 8.3% compared to the same quarter last year. As a group, equities research analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

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.