Financial Partners Group LLC Sells 120 Shares of Vulcan Materials (NYSE:VMC)

Financial Partners Group LLC reduced its position in Vulcan Materials (NYSE:VMC) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,913 shares of the construction company’s stock after selling 120 shares during the period. Financial Partners Group LLC’s holdings in Vulcan Materials were worth $1,521,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VMC. ProShare Advisors LLC increased its holdings in Vulcan Materials by 7.5% during the second quarter. ProShare Advisors LLC now owns 21,932 shares of the construction company’s stock valued at $5,454,000 after buying an additional 1,533 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of Vulcan Materials by 70.0% in 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 acquiring an additional 2,086 shares during the period. Evergreen Capital Management LLC raised its position in shares of Vulcan Materials by 9.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 913 shares of the construction company’s stock worth $227,000 after acquiring an additional 81 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Vulcan Materials by 4.4% during the 2nd quarter. Bank of Montreal Can now owns 172,789 shares of the construction company’s stock worth $43,007,000 after purchasing an additional 7,254 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in 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 purchasing an additional 106,324 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $275.04 on Friday. Vulcan Materials has a 52 week low of $219.73 and a 52 week high of $298.31. The business’s 50 day moving average price is $271.68 and its 200 day moving average price is $259.47. 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 market cap of $36.32 billion, a P/E ratio of 43.38, a P/E/G ratio of 2.16 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) 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 for 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 company’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.29 earnings per share. On average, sell-side analysts expect that Vulcan Materials will post 7.16 earnings per share for the current year.

Wall Street Analyst Weigh In

VMC has been the subject of a number of recent research reports. Barclays boosted their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Truist Financial increased their target price 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. Stephens reaffirmed an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Raymond James reduced their price target 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. Finally, JPMorgan Chase & Co. boosted their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, 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.