Forsta AP Fonden Has $8.49 Million Stake in Vulcan Materials (NYSE:VMC)

Forsta AP Fonden reduced its holdings in Vulcan Materials (NYSE:VMC) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,000 shares of the construction company’s stock after selling 400 shares during the quarter. Forsta AP Fonden’s holdings in Vulcan Materials were worth $8,489,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Vulcan Materials in the 3rd quarter valued at $30,000. Concord Wealth Partners bought a new position in shares of Vulcan Materials in the third quarter valued at about $35,000. Washington Trust Advisors Inc. lifted its position in Vulcan Materials by 240.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after buying an additional 113 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Vulcan Materials during the 3rd quarter worth about $42,000. Finally, Asset Dedication LLC increased its position in Vulcan Materials by 146.5% in the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock valued at $44,000 after acquiring an additional 104 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VMC. JPMorgan Chase & Co. upped their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Raymond James decreased their price objective 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. Barclays boosted their target price on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Truist Financial raised their price target on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Citigroup dropped their price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $301.18.

Vulcan Materials Stock Performance

Shares of NYSE:VMC opened at $276.22 on Friday. The firm’s 50 day simple moving average is $271.26 and its 200 day simple moving average is $260.43. Vulcan Materials has a fifty-two week low of $223.90 and a fifty-two week high of $298.31. The company has a market capitalization of $36.48 billion, a price-to-earnings ratio of 43.57, a P/E/G ratio of 2.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate 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 for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the business posted $2.29 earnings per share. As a group, sell-side analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current year.

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.