Vulcan Materials (NYSE:VMC) Position Boosted by Greenleaf Trust

Greenleaf Trust lifted its stake in shares of Vulcan Materials (NYSE:VMC) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,857 shares of the construction company’s stock after purchasing an additional 73 shares during the period. Greenleaf Trust’s holdings in Vulcan Materials were worth $735,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of VMC. Ashton Thomas Securities LLC bought a new position in Vulcan Materials in the third quarter worth about $30,000. Concord Wealth Partners bought a new position in Vulcan Materials in the third quarter worth about $35,000. Washington Trust Advisors Inc. lifted its holdings in Vulcan Materials by 240.4% in the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after acquiring an additional 113 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Vulcan Materials in the third quarter worth about $42,000. Finally, Asset Dedication LLC lifted its holdings in Vulcan Materials by 146.5% in the third quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after acquiring an additional 104 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

NYSE VMC opened at $272.02 on Wednesday. Vulcan Materials has a 12 month low of $225.36 and a 12 month 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 capitalization of $35.92 billion, a PE ratio of 42.90, a P/E/G ratio of 2.12 and a beta of 0.84. The company’s 50 day simple moving average is $270.58 and its 200 day simple moving average is $260.80.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VMC shares. Barclays raised their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. UBS Group assumed coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price on the stock. 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 research note on Monday, January 6th. Truist Financial raised 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. Finally, StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock 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.