Mitchell Mcleod Pugh & Williams Inc. Sells 678 Shares of Vulcan Materials (NYSE:VMC)

Mitchell Mcleod Pugh & Williams Inc. cut its position in shares of Vulcan Materials (NYSE:VMC) by 12.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,809 shares of the construction company’s stock after selling 678 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Vulcan Materials were worth $1,237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in shares of Vulcan Materials by 138.5% during the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock valued at $48,000 after acquiring an additional 108 shares during the last quarter. Artemis Investment Management LLP grew its stake in Vulcan Materials by 67.9% in the 4th quarter. Artemis Investment Management LLP now owns 402,106 shares of the construction company’s stock valued at $103,434,000 after purchasing an additional 162,567 shares during the period. HB Wealth Management LLC grew its stake in Vulcan Materials by 11.2% in the 4th quarter. HB Wealth Management LLC now owns 2,423 shares of the construction company’s stock valued at $623,000 after purchasing an additional 244 shares during the period. Arkadios Wealth Advisors increased its position in shares of Vulcan Materials by 51.8% during the 4th quarter. Arkadios Wealth Advisors now owns 1,626 shares of the construction company’s stock valued at $418,000 after purchasing an additional 555 shares during the last quarter. Finally, Somerset Trust Co raised its stake in shares of Vulcan Materials by 22.3% during the 4th quarter. Somerset Trust Co now owns 1,534 shares of the construction company’s stock worth $395,000 after purchasing an additional 280 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on VMC shares. UBS Group started coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target for the company. 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. Citigroup lowered their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Raymond James reduced their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Barclays boosted their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.18.

Vulcan Materials Trading Up 0.4 %

Shares of Vulcan Materials stock opened at $270.28 on Monday. The company’s 50-day moving average price is $272.63 and its 200-day moving average price is $258.96. 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 12-month low of $219.73 and a 12-month high of $298.31. The company has a market cap of $35.69 billion, a price-to-earnings ratio of 42.63, a PEG ratio of 1.97 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 EPS. On average, equities analysts expect that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

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.