MassMutual Private Wealth & Trust FSB Sells 125 Shares of Vulcan Materials (NYSE:VMC)

MassMutual Private Wealth & Trust FSB cut its holdings in Vulcan Materials (NYSE:VMC) by 14.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 720 shares of the construction company’s stock after selling 125 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Vulcan Materials were worth $185,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new position in shares of Vulcan Materials in the 3rd quarter worth $30,000. Concord Wealth Partners bought a new position in Vulcan Materials during the third quarter worth about $35,000. Washington Trust Advisors Inc. grew its position in shares of Vulcan Materials by 240.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after buying an additional 113 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Vulcan Materials in the 3rd quarter valued at about $42,000. Finally, Asset Dedication LLC raised its position 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 acquiring an additional 104 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Stephens reiterated an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd. Citigroup lowered their price target on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a report on Monday, January 6th. Raymond James cut their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. increased their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Stock Down 0.3 %

Shares of VMC stock opened at $274.64 on Thursday. The firm’s fifty day moving average price is $271.94 and its two-hundred day moving average price is $259.37. Vulcan Materials has a 1 year low of $219.73 and a 1 year high of $298.31. 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 $36.27 billion, a P/E ratio of 43.32, a PEG ratio of 2.12 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.12). The company had revenue of $2 billion for 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 business’s revenue was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.29 EPS. On average, equities analysts predict that Vulcan Materials will post 7.16 EPS 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.