Rosenberg Matthew Hamilton Buys 136 Shares of Vulcan Materials (NYSE:VMC)

Rosenberg Matthew Hamilton grew its position in shares of Vulcan Materials (NYSE:VMC) by 28.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 610 shares of the construction company’s stock after purchasing an additional 136 shares during the period. Rosenberg Matthew Hamilton’s holdings in Vulcan Materials were worth $157,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in VMC. Principal Financial Group Inc. increased its holdings in shares of Vulcan Materials by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after acquiring an additional 884,580 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Vulcan Materials by 18.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock valued at $533,551,000 after purchasing an additional 330,433 shares in the last quarter. Ceredex Value Advisors LLC boosted its position in Vulcan Materials by 136.3% during the third quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company’s stock valued at $89,117,000 after purchasing an additional 205,260 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Vulcan Materials by 32.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company’s stock valued at $184,353,000 after purchasing an additional 178,634 shares during the last quarter. Finally, Stockbridge Partners LLC raised its holdings in Vulcan Materials by 9.6% in the third quarter. Stockbridge Partners LLC now owns 1,568,564 shares of the construction company’s stock worth $392,815,000 after purchasing an additional 137,365 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Up 1.5 %

VMC stock opened at $259.83 on Wednesday. The company’s 50 day moving average price is $273.95 and its 200 day moving average price is $258.43. The firm has a market capitalization of $34.31 billion, a price-to-earnings ratio of 40.98, a PEG ratio of 2.67 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. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (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 business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the firm earned $2.29 earnings per share. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. On average, equities research analysts anticipate that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VMC has been the topic of a number of analyst reports. Stephens reaffirmed an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Citigroup dropped their target price on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, UBS Group assumed coverage on Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target for the company. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.