Fiduciary Alliance LLC Takes $612,000 Position in Vulcan Materials (NYSE:VMC)

Fiduciary Alliance LLC 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 & Exchange Commission. The institutional investor bought 2,378 shares of the construction company's stock, valued at approximately $612,000.

A number of other large investors have also added to or reduced their stakes in VMC. Virtu Financial LLC acquired a new stake in shares of Vulcan Materials during the third quarter worth approximately $811,000. Franklin Resources Inc. boosted its stake in Vulcan Materials by 284.9% during the 3rd quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company's stock valued at $11,104,000 after acquiring an additional 33,051 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Vulcan Materials by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company's stock worth $331,404,000 after acquiring an additional 43,294 shares in the last quarter. Tower Bridge Advisors increased its position in shares of Vulcan Materials by 64.5% in the 3rd quarter. Tower Bridge Advisors now owns 4,936 shares of the construction company's stock worth $1,236,000 after purchasing an additional 1,936 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Vulcan Materials by 4.9% in the 4th quarter. Nordea Investment Management AB now owns 585,596 shares of the construction company's stock valued at $151,435,000 after purchasing an additional 27,102 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. StockNews.com raised shares of Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. UBS Group began coverage on Vulcan Materials in a report on Thursday, November 7th. They set a "buy" rating and a $349.00 target price on the stock. Barclays boosted their price target on Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th. Truist Financial raised their price objective on Vulcan Materials from $300.00 to $315.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Citigroup lowered their target price on shares of 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's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $296.18.

Vulcan Materials Stock Performance

VMC stock traded up $2.15 on Tuesday, reaching $258.18. The company's stock had a trading volume of 86,272 shares, compared to its average volume of 566,468. Vulcan Materials has a 52 week low of $219.73 and a 52 week high of $298.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The company has a market capitalization of $34.10 billion, a P/E ratio of 40.72, a price-to-earnings-growth ratio of 2.67 and a beta of 0.83. The firm has a fifty day moving average of $274.20 and a two-hundred day moving average of $258.35.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results 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 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 the consensus estimate of $2.01 billion. During the same period in the previous year, the company posted $2.29 EPS. The company's revenue for the quarter was down 8.3% compared to the same quarter last year. As a group, analysts predict that Vulcan Materials will post 7.16 EPS 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.