Avanza Fonder AB Acquires New Position in Vulcan Materials (NYSE:VMC)

Avanza Fonder AB purchased a new position in shares of Vulcan Materials (NYSE:VMC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,317 shares of the construction company's stock, valued at approximately $3,168,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Procyon Advisors LLC grew its stake in shares of Vulcan Materials by 9.2% in the 4th quarter. Procyon Advisors LLC now owns 20,060 shares of the construction company's stock valued at $5,160,000 after purchasing an additional 1,697 shares during the last quarter. Empirical Asset Management LLC lifted its holdings in shares of Vulcan Materials by 98.6% during the fourth quarter. Empirical Asset Management LLC now owns 2,387 shares of the construction company's stock worth $614,000 after purchasing an additional 1,185 shares during the period. Heritage Family Offices LLP purchased a new position in Vulcan Materials in the 4th quarter valued at $994,000. Campbell Newman Asset Management Inc. purchased a new position in Vulcan Materials in the 4th quarter valued at $15,719,000. Finally, Park Avenue Securities LLC increased its stake in Vulcan Materials by 3.9% in the 4th quarter. Park Avenue Securities LLC now owns 2,845 shares of the construction company's stock valued at $732,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock traded up $1.11 on Friday, hitting $270.28. The company's stock had a trading volume of 668,205 shares, compared to its average volume of 601,795. 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 fifty day moving average price of $272.63 and a 200-day moving average price of $258.85. Vulcan Materials has a 52-week low of $219.73 and a 52-week high of $298.31. The company has a market capitalization of $35.69 billion, a P/E ratio of 42.63, a price-to-earnings-growth ratio of 1.97 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 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 in the prior year, the company earned $2.29 earnings per share. The firm's revenue for the quarter was down 8.3% compared to the same quarter last year. On average, equities research analysts expect that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Raymond James reduced their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating for the company in a research note on Thursday. Truist Financial lifted their price objective on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a report on Friday, November 1st. UBS Group initiated coverage on Vulcan Materials in a research note on Thursday, November 7th. They set a "buy" rating and a $349.00 target price for the company. Barclays lifted their price target on Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. increased their price objective on Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $301.18.

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.