Portfolio Design Labs LLC Has $3.63 Million Stock Holdings in Vulcan Materials (NYSE:VMC)

Portfolio Design Labs LLC cut its holdings in Vulcan Materials (NYSE:VMC) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,104 shares of the construction company’s stock after selling 168 shares during the quarter. Portfolio Design Labs LLC’s holdings in Vulcan Materials were worth $3,628,000 at the end of the most recent reporting period.

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

Vulcan Materials Trading Down 0.4 %

NYSE:VMC opened at $267.49 on Wednesday. Vulcan Materials has a fifty-two week low of $225.36 and a fifty-two week high of $298.31. 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 stock has a market capitalization of $35.33 billion, a PE ratio of 42.19, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84. The business’s 50-day simple moving average is $269.13 and its 200-day simple moving average is $261.39.

Wall Street Analyst Weigh In

A number of analysts recently commented on VMC shares. Raymond James lowered their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. UBS Group assumed coverage on Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective for the company. Truist Financial raised their target price on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup reduced their target price on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Four equities research 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.com, Vulcan Materials currently 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.