Vulcan Materials (NYSE:VMC) Shares Acquired by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC grew its holdings in Vulcan Materials (NYSE:VMC) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 953 shares of the construction company’s stock after buying an additional 72 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Vulcan Materials were worth $245,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Principal Financial Group Inc. grew its holdings in Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after purchasing an additional 884,580 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Vulcan Materials by 18.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock valued at $533,551,000 after acquiring an additional 330,433 shares during the last quarter. Ceredex Value Advisors LLC grew its stake in Vulcan Materials by 136.3% in the 3rd quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company’s stock valued at $89,117,000 after acquiring an additional 205,260 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Vulcan Materials by 32.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company’s stock valued at $184,353,000 after acquiring an additional 178,634 shares in the last quarter. Finally, Artemis Investment Management LLP raised its position in Vulcan Materials by 67.9% during the fourth quarter. Artemis Investment Management LLP now owns 402,106 shares of the construction company’s stock worth $103,434,000 after acquiring an additional 162,567 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Stock Down 1.0 %

Shares of NYSE:VMC opened at $271.38 on Tuesday. The stock’s 50-day moving average price is $270.96 and its two-hundred day moving average price is $260.70. 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 $225.36 and a 12-month high of $298.31. The firm has a market cap of $35.84 billion, a price-to-earnings ratio of 42.80, a PEG ratio of 2.12 and a beta of 0.83.

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of recent research reports. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Truist Financial raised their price target on 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 price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Barclays increased their price objective on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. increased their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.18.

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.