Empirical Finance LLC Lowers Holdings in Vulcan Materials (NYSE:VMC)

Empirical Finance LLC lowered its position in shares of Vulcan Materials (NYSE:VMC) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,561 shares of the construction company’s stock after selling 43 shares during the period. Empirical Finance LLC’s holdings in Vulcan Materials were worth $1,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in shares of Vulcan Materials in the 3rd quarter worth $30,000. Concord Wealth Partners purchased a new position in Vulcan Materials in the third quarter valued at about $35,000. Washington Trust Advisors Inc. raised 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 purchasing an additional 113 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Vulcan Materials during the third quarter valued at about $42,000. Finally, Asset Dedication LLC boosted its holdings in shares of Vulcan Materials by 146.5% in 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 in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $268.40 on Tuesday. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. Vulcan Materials has a twelve month low of $225.36 and a twelve month high of $298.31. The company’s 50 day moving average is $269.51 and its 200 day moving average is $261.29. The company has a market cap of $35.44 billion, a PE ratio of 42.33, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84.

Wall Street Analyst Weigh In

A number of research firms recently commented on VMC. JPMorgan Chase & Co. increased their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Citigroup dropped their target price 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. Truist Financial increased their price target on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Stephens restated an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a research note on Thursday, January 2nd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.