Czech National Bank Has $7.37 Million Stake in Vulcan Materials (NYSE:VMC)

Czech National Bank raised its stake in Vulcan Materials (NYSE:VMCFree Report) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,634 shares of the construction company’s stock after acquiring an additional 1,732 shares during the period. Czech National Bank’s holdings in Vulcan Materials were worth $7,366,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VMC. United Asset Strategies Inc. grew its holdings in shares of Vulcan Materials by 1.1% in the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock worth $938,000 after purchasing an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Vulcan Materials by 2.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after acquiring an additional 44 shares during the last quarter. Marcum Wealth LLC increased its holdings in Vulcan Materials by 5.7% during the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock valued at $214,000 after purchasing an additional 46 shares in the last quarter. Golden State Equity Partners boosted its stake in Vulcan Materials by 4.5% in the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock worth $275,000 after purchasing an additional 47 shares in the last quarter. Finally, Valley Brook Capital Group Inc. grew its holdings in shares of Vulcan Materials by 5.1% during the third quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company’s stock worth $257,000 after purchasing an additional 50 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

Shares of VMC stock opened at $259.83 on Wednesday. The firm has a market capitalization of $34.31 billion, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of 2.67 and a beta of 0.83. Vulcan Materials has a 12-month low of $219.73 and a 12-month 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 firm has a fifty day moving average of $273.95 and a 200-day moving average of $258.43.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VMC. Barclays lifted 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. JPMorgan Chase & Co. upped their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research report 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. Stephens restated an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. Finally, Truist Financial increased their price objective on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $296.18.

Check Out Our Latest Report on VMC

Vulcan Materials Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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