Pinnacle Wealth Management Group Inc. Acquires 200 Shares of Vulcan Materials (NYSE:VMC)

Pinnacle Wealth Management Group Inc. increased its position in shares of Vulcan Materials (NYSE:VMC) by 25.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,000 shares of the construction company’s stock after purchasing an additional 200 shares during the quarter. Pinnacle Wealth Management Group Inc.’s holdings in Vulcan Materials were worth $257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. United Asset Strategies Inc. boosted its holdings in shares of Vulcan Materials by 1.1% in the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock worth $938,000 after buying an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Vulcan Materials by 2.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after buying an additional 44 shares in the last quarter. Marcum Wealth LLC lifted its position in Vulcan Materials by 5.7% in the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock worth $214,000 after buying an additional 46 shares during the last quarter. Golden State Equity Partners lifted its stake in shares of Vulcan Materials by 4.5% in the 3rd quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock valued at $275,000 after acquiring an additional 47 shares during the last quarter. Finally, Valley Brook Capital Group Inc. grew its stake in shares of Vulcan Materials by 5.1% in the third quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company’s stock worth $257,000 after purchasing an additional 50 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Trading Up 1.7 %

Shares of NYSE:VMC opened at $255.90 on Tuesday. The company has a market cap of $33.79 billion, a PE ratio of 40.36, a P/E/G ratio of 2.67 and a beta of 0.83. Vulcan Materials has a 52 week low of $219.73 and a 52 week high of $298.31. 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 company’s 50 day moving average is $274.20 and its two-hundred day moving average is $258.35.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VMC shares. JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Truist Financial boosted 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. Citigroup decreased their price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, UBS Group started coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $296.18.

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.