Portfolio Design Labs LLC Sells 168 Shares of Vulcan Materials (NYSE:VMC)

Portfolio Design Labs LLC decreased its position in Vulcan Materials (NYSE:VMC) by 1.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 14,104 shares of the construction company’s stock after selling 168 shares during the period. Portfolio Design Labs LLC’s holdings in Vulcan Materials were worth $3,628,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in Vulcan Materials in the 3rd quarter valued at approximately $811,000. DAVENPORT & Co LLC lifted its stake in Vulcan Materials by 149.4% in the 4th quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company’s stock valued at $2,416,000 after acquiring an additional 5,627 shares in the last quarter. Smith Group Asset Management LLC bought a new stake in Vulcan Materials in the 4th quarter valued at approximately $514,000. Campbell Newman Asset Management Inc. bought a new stake in Vulcan Materials in the 4th quarter valued at approximately $15,719,000. Finally, Franklin Resources Inc. lifted its stake in Vulcan Materials by 284.9% in the 3rd quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock valued at $11,104,000 after acquiring an additional 33,051 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Down 0.4 %

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 capitalization of $35.33 billion, a PE ratio of 42.19, a PEG ratio of 2.14 and a beta of 0.84. Vulcan Materials has a 1-year low of $225.36 and a 1-year high of $298.31. The business’s 50 day simple moving average is $269.13 and its 200 day simple moving average is $261.39.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. UBS Group assumed coverage on Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price on the stock. 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 report on Monday, January 6th. Raymond James lowered their price target on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Finally, Stephens reaffirmed an “overweight” rating and set a $325.00 price target 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. Based on data from MarketBeat, Vulcan Materials currently has an average 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.