Heck Capital Advisors LLC Invests $829,000 in Vulcan Materials (NYSE:VMC)

Heck Capital Advisors LLC purchased a new stake in Vulcan Materials (NYSE:VMC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,223 shares of the construction company’s stock, valued at approximately $829,000.

A number of other large investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew 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 worth $1,332,431,000 after purchasing an additional 884,580 shares during the last quarter. State Street Corp grew its stake in Vulcan Materials by 1.2% during the third quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock worth $1,322,546,000 after buying an additional 65,163 shares during the last quarter. FMR LLC increased its holdings in shares of Vulcan Materials by 2.2% during the third quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock worth $916,807,000 after buying an additional 78,271 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Vulcan Materials by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock valued at $826,644,000 after acquiring an additional 33,061 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Vulcan Materials by 18.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after acquiring an additional 330,433 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of recent analyst reports. Raymond James dropped their price target on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. raised their target price on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Barclays upped their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Truist Financial raised their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup reduced their target price on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $301.18.

Vulcan Materials Stock Performance

VMC stock opened at $274.26 on Friday. Vulcan Materials has a twelve month low of $223.90 and a twelve 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 company has a market cap of $36.22 billion, a P/E ratio of 43.26, a price-to-earnings-growth ratio of 2.10 and a beta of 0.83. The business’s fifty day moving average is $271.17 and its 200-day moving average is $260.54.

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