Procyon Advisors LLC Boosts Stock Position in Vulcan Materials (NYSE:VMC)

Procyon Advisors LLC boosted its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,060 shares of the construction company's stock after buying an additional 1,697 shares during the period. Procyon Advisors LLC's holdings in Vulcan Materials were worth $5,160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new position in shares of Vulcan Materials during the 3rd quarter worth approximately $30,000. Concord Wealth Partners acquired a new position in shares of Vulcan Materials during the third quarter worth $35,000. Washington Trust Advisors Inc. lifted its holdings in shares of Vulcan Materials by 240.4% during 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 acquired a new stake in shares of Vulcan Materials in the 3rd quarter worth $42,000. Finally, Asset Dedication LLC grew its stake in 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. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VMC shares. Stephens reiterated an "overweight" rating and issued a $325.00 price target on shares of Vulcan Materials in a research note on Thursday, January 2nd. Raymond James decreased their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating for the company in a research report on Thursday. UBS Group initiated coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They set a "buy" rating and a $349.00 target price on the stock. Truist Financial raised their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Barclays boosted their price objective 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. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $301.18.

Vulcan Materials Stock Performance

Vulcan Materials stock traded up $1.11 during midday trading on Friday, hitting $270.28. 668,205 shares of the company were exchanged, compared to its average volume of 601,795. The business has a fifty day simple moving average of $272.63 and a two-hundred day simple moving average of $258.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The firm has a market capitalization of $35.69 billion, a PE ratio of 42.63, a price-to-earnings-growth ratio of 1.97 and a beta of 0.83. Vulcan Materials has a fifty-two week low of $219.73 and a fifty-two week high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business earned $2.29 EPS. Vulcan Materials's revenue for the quarter was down 8.3% compared to the same quarter last year. On average, sell-side analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current year.

Vulcan Materials Company 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.