Vulcan Materials (NYSE:VMC) Shares Sold by Empirical Finance LLC

Empirical Finance LLC trimmed its stake in shares of Vulcan Materials (NYSE:VMC) by 0.9% during the 4th quarter, Holdings Channel reports. The fund owned 4,561 shares of the construction company’s stock after selling 43 shares during the quarter. Empirical Finance LLC’s holdings in Vulcan Materials were worth $1,173,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of VMC. Virtu Financial LLC acquired a new stake in shares of Vulcan Materials during the 3rd quarter valued at about $811,000. DAVENPORT & Co LLC boosted its position 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 in the fourth quarter valued at approximately $514,000. Campbell Newman Asset Management Inc. purchased a new stake in shares of Vulcan Materials in the fourth quarter valued at approximately $15,719,000. Finally, Franklin Resources Inc. raised its stake in shares of Vulcan Materials by 284.9% during the 3rd quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock worth $11,104,000 after buying an additional 33,051 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays upped their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Raymond James lowered their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Citigroup lowered 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. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Stock Down 1.7 %

Shares of NYSE:VMC opened at $268.40 on Tuesday. Vulcan Materials has a 52-week low of $225.36 and a 52-week high of $298.31. The stock has a market cap of $35.44 billion, a P/E ratio of 42.33, a PEG ratio of 2.14 and a beta of 0.84. The business has a fifty day moving average of $269.51 and a two-hundred day moving average of $261.29. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42.

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.