Kentucky Trust Co Makes New Investment in Vulcan Materials (NYSE:VMC)

Kentucky Trust Co bought a new position in shares of Vulcan Materials (NYSE:VMC) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,393 shares of the construction company’s stock, valued at approximately $616,000.

Other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in Vulcan Materials by 16.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock worth $65,000 after acquiring an additional 36 shares during the period. United Asset Strategies Inc. grew its stake in Vulcan Materials by 1.1% in the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock worth $938,000 after acquiring an additional 39 shares during the period. Sequoia Financial Advisors LLC grew its stake in Vulcan Materials by 2.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after acquiring an additional 44 shares during the period. Golden State Equity Partners grew its stake in Vulcan Materials by 4.5% in the 3rd quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock worth $275,000 after acquiring an additional 47 shares during the period. Finally, Valley Brook Capital Group Inc. grew its stake in Vulcan Materials by 5.1% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company’s stock worth $257,000 after acquiring an additional 50 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Stock Performance

NYSE:VMC 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 price-to-earnings ratio of 42.19, a PEG ratio of 2.14 and a beta of 0.84. The firm’s fifty day simple moving average is $269.13 and its 200 day simple moving average is $261.39. Vulcan Materials has a twelve month low of $225.36 and a twelve month high of $298.31.

Analysts Set New Price Targets

VMC has been the subject of several recent analyst reports. UBS Group initiated coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price for the company. Truist Financial lifted their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Raymond James lowered 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 note on Thursday, January 16th. JPMorgan Chase & Co. boosted their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Finally, StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and an average target price 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.