Vulcan Materials (NYSE:VMC) Shares Sold by Equitable Trust Co.

Equitable Trust Co. cut its position in Vulcan Materials (NYSE:VMC) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,876 shares of the construction company’s stock after selling 256 shares during the period. Equitable Trust Co.’s holdings in Vulcan Materials were worth $4,855,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VMC. Virtu Financial LLC purchased a new position in Vulcan Materials during the third quarter worth approximately $811,000. DAVENPORT & Co LLC boosted its position in shares of Vulcan Materials by 149.4% during the fourth quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company’s stock worth $2,416,000 after buying an additional 5,627 shares during the period. Smith Group Asset Management LLC purchased a new position in shares of Vulcan Materials during the fourth quarter worth $514,000. Campbell Newman Asset Management Inc. purchased a new position in Vulcan Materials in the fourth quarter valued at $15,719,000. Finally, Franklin Resources Inc. boosted its holdings in Vulcan Materials by 284.9% in the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock valued at $11,104,000 after purchasing an additional 33,051 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays lifted 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. Citigroup decreased their price target 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. Raymond James decreased their price target on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Stephens reissued an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a research note on Thursday, January 2nd. Finally, StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $301.18.

Vulcan Materials Trading Down 1.6 %

VMC stock opened at $272.65 on Monday. The company has a market cap of $36.01 billion, a price-to-earnings ratio of 43.00, a PEG ratio of 2.14 and a beta of 0.84. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $269.51 and a 200-day simple moving average of $261.21. Vulcan Materials has a 52 week low of $225.36 and a 52 week high of $298.31.

About Vulcan Materials

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.