Vulcan Materials (NYSE:VMC) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. cut its position in shares of Vulcan Materials (NYSE:VMC) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,760 shares of the construction company’s stock after selling 51 shares during the quarter. Wesbanco Bank Inc.’s holdings in Vulcan Materials were worth $967,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VMC. ProShare Advisors LLC raised its holdings in Vulcan Materials by 7.5% in the 2nd quarter. ProShare Advisors LLC now owns 21,932 shares of the construction company’s stock valued at $5,454,000 after acquiring an additional 1,533 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Vulcan Materials by 70.0% in the second quarter. Public Sector Pension Investment Board now owns 5,066 shares of the construction company’s stock valued at $1,260,000 after purchasing an additional 2,086 shares during the period. Evergreen Capital Management LLC increased its stake in Vulcan Materials by 9.7% in the second quarter. Evergreen Capital Management LLC now owns 913 shares of the construction company’s stock valued at $227,000 after purchasing an additional 81 shares during the last quarter. Bank of Montreal Can lifted its position in Vulcan Materials by 4.4% during the second quarter. Bank of Montreal Can now owns 172,789 shares of the construction company’s stock worth $43,007,000 after buying an additional 7,254 shares during the period. Finally, AQR Capital Management LLC lifted its position in Vulcan Materials by 136.1% during the second quarter. AQR Capital Management LLC now owns 184,471 shares of the construction company’s stock worth $45,874,000 after buying an additional 106,324 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Up 0.2 %

NYSE:VMC opened at $275.04 on Friday. Vulcan Materials has a one year low of $219.73 and a one year high of $298.31. The business’s 50-day simple moving average is $271.68 and its 200 day simple moving average is $259.47. 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 stock has a market cap of $36.32 billion, a price-to-earnings ratio of 43.38, a price-to-earnings-growth ratio of 2.16 and a beta of 0.83.

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

Wall Street Analyst Weigh In

VMC has been the subject of a number of research analyst reports. Citigroup dropped 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 note on Monday, January 6th. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. UBS Group initiated coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target on the stock. Truist Financial upped their price objective on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Barclays lifted their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Four 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, Vulcan Materials has a consensus rating of “Moderate Buy” and an average price target 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.