Heck Capital Advisors LLC Purchases Shares of 3,223 Vulcan Materials (NYSE:VMC)

Heck Capital Advisors LLC acquired a new position in shares of Vulcan Materials (NYSE:VMC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,223 shares of the construction company’s stock, valued at approximately $829,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake 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 3rd quarter valued at about $35,000. Washington Trust Advisors Inc. increased its position in shares of Vulcan Materials by 240.4% in the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after acquiring an additional 113 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Vulcan Materials during the third quarter valued at approximately $42,000. Finally, Asset Dedication LLC grew its stake in Vulcan Materials by 146.5% in the third quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock valued at $44,000 after purchasing an additional 104 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

VMC opened at $274.26 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The company has a market capitalization of $36.22 billion, a PE ratio of 43.26, a price-to-earnings-growth ratio of 2.10 and a beta of 0.83. The business has a fifty day simple moving average of $271.17 and a 200 day simple moving average of $260.54. Vulcan Materials has a 1 year low of $223.90 and a 1 year high of $298.31.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 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 business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the company posted $2.29 earnings per share. The company’s revenue was down 8.3% on a year-over-year basis. Research analysts expect that Vulcan Materials will post 7.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barclays increased their price objective on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Citigroup decreased their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research report on Monday, January 6th. UBS Group assumed coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price on the stock. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $301.18.

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.