New Mexico Educational Retirement Board lessened its holdings in shares of Vulcan Materials (NYSE:VMC) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,019 shares of the construction company’s stock after selling 200 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Vulcan Materials were worth $1,305,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of VMC. Capital Investment Advisory Services LLC acquired a new stake in Vulcan Materials during the 4th quarter valued at approximately $25,000. JOYN Advisors Inc. grew its stake in Vulcan Materials by 273.0% during the 4th quarter. JOYN Advisors Inc. now owns 276 shares of the construction company’s stock valued at $27,000 after purchasing an additional 202 shares in the last quarter. Ipswich Investment Management Co. Inc. bought a new position in Vulcan Materials during the 4th quarter worth approximately $34,000. First Personal Financial Services lifted its holdings in Vulcan Materials by 74.5% during the 4th quarter. First Personal Financial Services now owns 342 shares of the construction company’s stock worth $34,000 after buying an additional 146 shares during the last quarter. Finally, Somerset Trust Co bought a new position in Vulcan Materials during the 1st quarter worth approximately $44,000. Hedge funds and other institutional investors own 95.81% of the company’s stock.
A number of research analysts have commented on VMC shares. TheStreet raised Vulcan Materials from a “c+” rating to a “b-” rating in a report on Friday, February 1st. Jefferies Financial Group increased their target price on Vulcan Materials to $133.00 and gave the stock a “buy” rating in a report on Friday, February 15th. Deutsche Bank increased their target price on Vulcan Materials to $125.00 and gave the stock a “buy” rating in a report on Friday, February 15th. Citigroup reduced their target price on Vulcan Materials from $128.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, January 4th. Finally, Goldman Sachs Group raised Vulcan Materials from a “buy” rating to a “conviction-buy” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $123.31.
NYSE:VMC opened at $122.80 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.79. Vulcan Materials has a 52 week low of $82.52 and a 52 week high of $133.59. The company has a market cap of $16.22 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.76 and a beta of 0.93.
Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Thursday, February 14th. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.10. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Vulcan Materials had a return on equity of 10.71% and a net margin of 11.77%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. On average, research analysts forecast that Vulcan Materials will post 4.76 earnings per share for the current fiscal year.
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Vulcan Materials Profile
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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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