Equitable Trust Co. Cuts Stake in Vulcan Materials (NYSE:VMC)

Equitable Trust Co. decreased its holdings in Vulcan Materials (NYSE:VMC) by 1.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Vulcan Materials during the 3rd quarter valued at $30,000. Concord Wealth Partners bought a new position in Vulcan Materials in the 3rd quarter worth $35,000. Washington Trust Advisors Inc. raised its holdings in Vulcan Materials by 240.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after purchasing an additional 113 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Vulcan Materials in the 3rd quarter worth $42,000. Finally, Asset Dedication LLC raised its holdings in Vulcan Materials by 146.5% in the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Down 1.6 %

VMC stock opened at $272.65 on Monday. 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 has a fifty day moving average price of $269.51 and a 200 day moving average price of $261.21. The firm has a market cap of $36.01 billion, a PE ratio of 43.00, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84. Vulcan Materials has a fifty-two week low of $225.36 and a fifty-two week high of $298.31.

Analyst Upgrades and Downgrades

VMC has been the topic of a number of recent research reports. Truist Financial upped their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Stephens reaffirmed an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Citigroup dropped their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. UBS Group began coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target on the stock. Finally, StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average target price of $301.18.

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.