Calamos Advisors LLC Has $13.72 Million Position in Vulcan Materials (NYSE:VMC)

Calamos Advisors LLC increased its holdings in shares of Vulcan Materials (NYSE:VMC) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,319 shares of the construction company’s stock after buying an additional 280 shares during the quarter. Calamos Advisors LLC’s holdings in Vulcan Materials were worth $13,715,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position 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 holdings in Vulcan Materials by 18.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after acquiring an additional 330,433 shares during the last quarter. Ceredex Value Advisors LLC increased its position 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Vulcan Materials by 32.0% during the third 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 during the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in shares of 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 purchasing an additional 162,567 shares during the period. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Raymond James cut their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Barclays upped their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. UBS Group initiated coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target for the company. Stephens reaffirmed an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a research note on Thursday, January 2nd. Finally, Truist Financial upped their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $301.18.

Vulcan Materials Stock Performance

NYSE:VMC opened at $271.38 on Tuesday. Vulcan Materials has a 1-year low of $225.36 and a 1-year high of $298.31. The company has a market capitalization of $35.84 billion, a price-to-earnings ratio of 42.80, a PEG ratio of 2.12 and a beta of 0.84. The business has a 50 day moving average of $270.96 and a 200 day moving average of $260.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02.

About Vulcan Materials

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.