Kentucky Trust Co Buys New Holdings in Vulcan Materials (NYSE:VMC)

Kentucky Trust Co acquired a new position in shares of Vulcan Materials (NYSE:VMC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,393 shares of the construction company’s stock, valued at approximately $616,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Vulcan Materials during the third quarter worth approximately $811,000. DAVENPORT & Co LLC raised its holdings in 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 purchasing an additional 5,627 shares in the last quarter. Smith Group Asset Management LLC acquired a new stake in Vulcan Materials during the fourth quarter worth approximately $514,000. Campbell Newman Asset Management Inc. acquired a new stake in Vulcan Materials during the fourth quarter worth approximately $15,719,000. Finally, Franklin Resources Inc. raised its holdings in Vulcan Materials by 284.9% during 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 in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

NYSE:VMC opened at $267.49 on Wednesday. The firm’s fifty day moving average price is $269.13 and its 200 day moving average price is $261.39. Vulcan Materials has a 1-year low of $225.36 and a 1-year 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 firm has a market cap of $35.33 billion, a price-to-earnings ratio of 42.19, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84.

Analyst Ratings Changes

A number of analysts have weighed in on VMC shares. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Raymond James lowered their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. UBS Group started coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price on the stock. Finally, Stephens restated an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.