Vulcan Materials (NYSE:VMC) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its position in Vulcan Materials (NYSE:VMC) by 17.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,081 shares of the construction company’s stock after selling 1,548 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Vulcan Materials were worth $1,822,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after acquiring an additional 884,580 shares in the last quarter. State Street Corp lifted its stake in shares of 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 period. FMR LLC lifted its stake 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 during the period. Geode Capital Management LLC lifted its stake in shares of Vulcan Materials by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock worth $826,644,000 after buying an additional 33,061 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Vulcan Materials by 18.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after buying an additional 330,433 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Raymond James lowered their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Barclays lifted their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. UBS Group assumed coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 price objective for the company. Truist Financial lifted their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Stephens restated an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $301.18.

Vulcan Materials Trading Up 0.2 %

Shares of Vulcan Materials stock opened at $275.04 on Friday. The firm has a 50-day simple moving average of $271.68 and a two-hundred day simple moving average of $259.47. The company has a market cap of $36.32 billion, a P/E ratio of 43.38, a price-to-earnings-growth ratio of 2.16 and a beta of 0.83. Vulcan Materials has a fifty-two week low of $219.73 and a fifty-two week high of $298.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company’s revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the company posted $2.29 EPS. As a group, equities analysts predict that Vulcan Materials will post 7.16 earnings per share for the current fiscal 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.