Leavell Investment Management Inc. Decreases Stock Position in Vulcan Materials (NYSE:VMC)

Leavell Investment Management Inc. lessened its stake in Vulcan Materials (NYSE:VMC) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,345 shares of the construction company’s stock after selling 1,530 shares during the quarter. Leavell Investment Management Inc.’s holdings in Vulcan Materials were worth $13,465,000 at the end of the most recent reporting period.

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

Vulcan Materials Stock Performance

VMC stock opened at $267.49 on Wednesday. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The firm has a market cap of $35.33 billion, a P/E ratio of 42.19, a P/E/G ratio of 2.14 and a beta of 0.84. Vulcan Materials has a 12-month low of $225.36 and a 12-month high of $298.31. The stock’s 50 day simple moving average is $269.13 and its 200 day simple moving average is $261.39.

Wall Street Analyst Weigh In

Several research firms have recently commented on VMC. Raymond James reduced their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Stephens reiterated an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, January 2nd. Barclays increased their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. UBS Group began coverage on Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $301.18.

Vulcan Materials Company 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.