1,933 Shares in Vulcan Materials (NYSE:VMC) Purchased by Brighton Jones LLC

Brighton Jones LLC bought a new stake in Vulcan Materials (NYSE:VMC) in the fourth quarter, HoldingsChannel.com reports. The fund bought 1,933 shares of the construction company’s stock, valued at approximately $497,000.

Several other institutional investors also recently made changes to their positions in the stock. Public Sector Pension Investment Board boosted its position in Vulcan Materials by 70.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 5,066 shares of the construction company’s stock valued at $1,260,000 after purchasing an additional 2,086 shares during the period. Evergreen Capital Management LLC lifted its stake in Vulcan Materials by 9.7% in the second quarter. Evergreen Capital Management LLC now owns 913 shares of the construction company’s stock valued at $227,000 after buying an additional 81 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Vulcan Materials by 136.1% during the second quarter. AQR Capital Management LLC now owns 184,471 shares of the construction company’s stock valued at $45,874,000 after acquiring an additional 106,324 shares during the period. MBB Public Markets I LLC grew its position in shares of Vulcan Materials by 694.2% during the second quarter. MBB Public Markets I LLC now owns 9,475 shares of the construction company’s stock worth $2,356,000 after acquiring an additional 8,282 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Vulcan Materials by 32.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 316,555 shares of the construction company’s stock worth $78,721,000 after acquiring an additional 76,678 shares during the period. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Up 1.0 %

NYSE VMC opened at $277.61 on Monday. Vulcan Materials has a 12 month low of $221.01 and a 12 month high of $298.31. The company has a market capitalization of $36.66 billion, a P/E ratio of 43.79, a PEG ratio of 2.16 and a beta of 0.83. The company’s 50 day simple moving average is $271.50 and its 200 day simple moving average is $259.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02.

Vulcan Materials (NYSE:VMC) last posted 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). The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. Vulcan Materials’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 EPS. Equities research analysts expect that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on VMC shares. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. UBS Group began coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective for the company. Raymond James lowered their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Truist Financial boosted their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup lowered their price target on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Four research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $301.18.

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.