R Squared Ltd Makes New Investment in Vulcan Materials (NYSE:VMC)

R Squared Ltd bought a new position in shares of Vulcan Materials (NYSE:VMC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 470 shares of the construction company’s stock, valued at approximately $121,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of Vulcan Materials by 126.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 21,620 shares of the construction company’s stock worth $5,377,000 after acquiring an additional 12,093 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Vulcan Materials by 22.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,267 shares of the construction company’s stock valued at $315,000 after purchasing an additional 232 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Vulcan Materials by 1.8% in the 2nd quarter. Cetera Investment Advisers now owns 14,686 shares of the construction company’s stock valued at $3,652,000 after purchasing an additional 263 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Vulcan Materials during the 2nd quarter worth $6,152,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Vulcan Materials during the 2nd quarter worth $2,760,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

VMC stock opened at $276.22 on Friday. The firm has a market cap of $36.48 billion, a PE ratio of 43.57, a price-to-earnings-growth ratio of 2.16 and a beta of 0.83. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $271.26 and a 200-day moving average price of $260.43. Vulcan Materials has a 1-year low of $223.90 and a 1-year high of $298.31.

Vulcan Materials (NYSE:VMC) last posted 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 the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. Vulcan Materials’s quarterly revenue was down 8.3% on a year-over-year basis. As a group, equities research analysts expect that Vulcan Materials will post 7.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stephens reissued an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, January 2nd. Barclays increased their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Truist Financial lifted their price target on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Finally, Raymond James cut their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.18.

About Vulcan Materials

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.