Golden State Equity Partners Buys 466 Shares of Vulcan Materials (NYSE:VMC)

Golden State Equity Partners increased its holdings in Vulcan Materials (NYSE:VMC) by 65.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,173 shares of the construction company’s stock after purchasing an additional 466 shares during the period. Golden State Equity Partners’ holdings in Vulcan Materials were worth $302,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VMC. B. Riley Wealth Advisors Inc. raised its position in Vulcan Materials by 22.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 1,267 shares of the construction company’s stock worth $315,000 after purchasing an additional 232 shares in the last quarter. Cetera Investment Advisers raised its position in Vulcan Materials by 1.8% in the second quarter. Cetera Investment Advisers now owns 14,686 shares of the construction company’s stock worth $3,652,000 after purchasing an additional 263 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Vulcan Materials in the second quarter worth about $2,760,000. Handelsbanken Fonder AB raised its position in Vulcan Materials by 0.4% in the third quarter. Handelsbanken Fonder AB now owns 68,281 shares of the construction company’s stock worth $17,100,000 after purchasing an additional 261 shares in the last quarter. Finally, Czech National Bank raised its position in Vulcan Materials by 6.7% in the third quarter. Czech National Bank now owns 26,902 shares of the construction company’s stock worth $6,737,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Truist Financial raised their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stephens reaffirmed an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. Raymond James dropped their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Finally, UBS Group initiated coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 price objective for the company. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Price Performance

Shares of VMC stock opened at $271.38 on Tuesday. Vulcan Materials has a 52-week low of $225.36 and a 52-week high of $298.31. The stock has a market cap of $35.84 billion, a PE ratio of 42.80, a PEG ratio of 2.12 and a beta of 0.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The firm’s 50 day moving average price is $270.96 and its two-hundred day moving average price is $260.70.

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.