Moody National Bank Trust Division Cuts Stock Holdings in Vulcan Materials (NYSE:VMC)

Moody National Bank Trust Division cut its position in shares of Vulcan Materials (NYSE:VMC) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,719 shares of the construction company’s stock after selling 130 shares during the period. Moody National Bank Trust Division’s holdings in Vulcan Materials were worth $699,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wedmont Private Capital boosted its stake in shares of Vulcan Materials by 5.0% during the 4th quarter. Wedmont Private Capital now owns 1,454 shares of the construction company’s stock worth $366,000 after acquiring an additional 69 shares in the last quarter. Asset Allocation & Management Company LLC acquired a new position in Vulcan Materials in the 4th quarter worth about $233,000. Fiduciary Alliance LLC purchased a new position in Vulcan Materials during the fourth quarter worth approximately $612,000. Czech National Bank grew its holdings in Vulcan Materials by 6.4% in the fourth quarter. Czech National Bank now owns 28,634 shares of the construction company’s stock valued at $7,366,000 after purchasing an additional 1,732 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Vulcan Materials by 3.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,377 shares of the construction company’s stock valued at $2,348,000 after buying an additional 291 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Citigroup decreased their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Truist Financial boosted 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, Stephens restated an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and a consensus price target of $296.18.

Vulcan Materials Stock Up 1.5 %

Shares of NYSE:VMC opened at $259.83 on Wednesday. Vulcan Materials has a 52-week low of $219.73 and a 52-week high of $298.31. 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 business has a fifty day moving average of $273.95 and a two-hundred day moving average of $258.43. The stock has a market cap of $34.31 billion, a P/E ratio of 40.98, a PEG ratio of 2.67 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last released 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). The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. Vulcan Materials’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.29 earnings per share. On average, research analysts expect that Vulcan Materials will post 7.16 earnings per share for the current year.

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.