Eads & Heald Wealth Management trimmed its holdings in Vulcan Materials (NYSE:VMC) by 21.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,114 shares of the construction company’s stock after selling 2,509 shares during the period. Eads & Heald Wealth Management’s holdings in Vulcan Materials were worth $900,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Vulcan Materials in the fourth quarter valued at about $34,000. First Personal Financial Services raised its holdings in shares of Vulcan Materials by 74.5% in the fourth quarter. First Personal Financial Services now owns 342 shares of the construction company’s stock valued at $34,000 after purchasing an additional 146 shares during the last quarter. Massey Quick Simon & CO. LLC purchased a new stake in shares of Vulcan Materials in the fourth quarter valued at about $66,000. Arlington Partners LLC purchased a new stake in shares of Vulcan Materials in the third quarter valued at about $111,000. Finally, JNBA Financial Advisors purchased a new stake in shares of Vulcan Materials in the third quarter valued at about $111,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman J Thomas Hill acquired 1,955 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was acquired at an average price of $101.66 per share, for a total transaction of $198,745.30. Following the completion of the acquisition, the chairman now owns 57,348 shares of the company’s stock, valued at approximately $5,829,997.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.81% of the company’s stock.

NYSE VMC opened at $101.65 on Friday. Vulcan Materials has a 52-week low of $82.52 and a 52-week high of $140.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.70 and a quick ratio of 1.11. The stock has a market cap of $13.46 billion, a P/E ratio of 33.44, a P/E/G ratio of 0.94 and a beta of 0.94.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, October 30th. The construction company reported $1.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.40. Vulcan Materials had a net margin of 16.84% and a return on equity of 10.20%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company posted $1.04 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts anticipate that Vulcan Materials will post 3.93 EPS for the current year.

VMC has been the subject of several analyst reports. DA Davidson set a $118.00 target price on shares of Vulcan Materials and gave the company a “hold” rating in a report on Thursday, October 11th. Zacks Investment Research downgraded shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Friday, October 12th. Bank of America downgraded shares of Vulcan Materials from a “neutral” rating to an “underperform” rating and set a $103.00 target price for the company. in a report on Wednesday, October 17th. ValuEngine downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Finally, Citigroup lowered their target price on shares of Vulcan Materials from $130.00 to $128.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $121.73.

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About Vulcan Materials

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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