Vulcan Materials (NYSE:VMC) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its stake in shares of Vulcan Materials (NYSE:VMC) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,276,176 shares of the construction company’s stock after selling 93,354 shares during the period. Vulcan Materials comprises 1.1% of Vontobel Holding Ltd.’s holdings, making the stock its 27th largest position. Vontobel Holding Ltd. owned approximately 0.97% of Vulcan Materials worth $328,271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Vulcan Materials during the 3rd quarter worth approximately $30,000. Concord Wealth Partners purchased a new stake in Vulcan Materials during the third quarter worth $35,000. Washington Trust Advisors Inc. grew its position in Vulcan Materials by 240.4% during the third 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 period. Capital Performance Advisors LLP purchased a new stake in shares of Vulcan Materials during the 3rd quarter worth about $42,000. Finally, Asset Dedication LLC grew its position 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 acquiring an additional 104 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Barclays increased their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. 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. Raymond James reduced their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. Finally, Stephens reaffirmed an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Trading Up 2.3 %

VMC opened at $269.75 on Friday. The firm has a market capitalization of $35.62 billion, a price-to-earnings ratio of 42.55, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84. The company’s 50 day simple moving average is $268.32 and its two-hundred day simple moving average is $261.45. 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.

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.