Campbell Newman Asset Management Inc. Buys New Stake in Vulcan Materials (NYSE:VMC)

Campbell Newman Asset Management Inc. bought a new stake in Vulcan Materials (NYSE:VMC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 61,109 shares of the construction company's stock, valued at approximately $15,719,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Vulcan Materials during the 3rd quarter valued at about $30,000. Concord Wealth Partners purchased a new position in Vulcan Materials during the third quarter worth about $35,000. Washington Trust Advisors Inc. boosted its holdings in Vulcan Materials by 240.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company's stock valued at $40,000 after purchasing an additional 113 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Vulcan Materials in the 3rd quarter valued at approximately $42,000. Finally, Asset Dedication LLC increased its holdings in shares of Vulcan Materials by 146.5% during the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company's stock worth $44,000 after buying an additional 104 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Stock Up 3.2 %

NYSE:VMC traded up $8.22 during midday trading on Wednesday, reaching $268.29. The company had a trading volume of 948,800 shares, compared to its average volume of 651,351. Vulcan Materials has a 12-month low of $219.73 and a 12-month high of $298.31. The firm has a market capitalization of $35.43 billion, a price-to-earnings ratio of 42.32, a PEG ratio of 2.67 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's fifty day simple moving average is $273.95 and its 200-day simple moving average is $258.43.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share (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 company had revenue of $2 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same quarter in the previous year, the business posted $2.29 EPS. The business's quarterly revenue was down 8.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

VMC has been the topic of a number of recent analyst reports. Stephens reiterated an "overweight" rating and issued a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. Truist Financial upped their price target on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Barclays increased their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. StockNews.com upgraded shares of Vulcan Materials from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Finally, Citigroup dropped their price objective on Vulcan Materials from $325.00 to $301.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $296.18.

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.