Entropy Technologies LP Has $3.14 Million Stake in Vulcan Materials (NYSE:VMC)

Entropy Technologies LP decreased its position in Vulcan Materials (NYSE:VMC) by 14.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,211 shares of the construction company’s stock after selling 2,081 shares during the period. Entropy Technologies LP’s holdings in Vulcan Materials were worth $3,141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of VMC. Virtu Financial LLC acquired a new position in shares of Vulcan Materials during the third quarter valued at about $811,000. DAVENPORT & Co LLC increased its position in shares of Vulcan Materials by 149.4% during the fourth quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company’s stock worth $2,416,000 after acquiring an additional 5,627 shares in the last quarter. Smith Group Asset Management LLC bought a new stake in shares of Vulcan Materials during the fourth quarter worth about $514,000. Campbell Newman Asset Management Inc. bought a new stake in shares of Vulcan Materials during the fourth quarter worth about $15,719,000. Finally, Franklin Resources Inc. increased its position in shares of Vulcan Materials by 284.9% during the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock worth $11,104,000 after acquiring an additional 33,051 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Down 1.6 %

Shares of Vulcan Materials stock opened at $272.65 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The stock has a market capitalization of $36.01 billion, a PE ratio of 43.00, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84. Vulcan Materials has a 52-week low of $225.36 and a 52-week high of $298.31. The company has a 50-day simple moving average of $269.51 and a two-hundred day simple moving average of $261.20.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VMC shares. Truist Financial upped their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup reduced their target price on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research report on Monday, January 6th. 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. 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. Finally, Barclays upped their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.