E. Ohman J or Asset Management AB Raises Position in Vulcan Materials (NYSE:VMC)

E. Ohman J or Asset Management AB lifted its position in shares of Vulcan Materials (NYSE:VMC) by 22.2% during the fourth quarter, HoldingsChannel reports. The fund owned 6,170 shares of the construction company’s stock after acquiring an additional 1,120 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Vulcan Materials were worth $1,587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of Vulcan Materials during the 3rd quarter worth approximately $30,000. Concord Wealth Partners acquired a new position in Vulcan Materials during the third quarter worth $35,000. Washington Trust Advisors Inc. raised its position in Vulcan Materials by 240.4% in the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after acquiring an additional 113 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Vulcan Materials in the third quarter valued at $42,000. Finally, Asset Dedication LLC boosted its position in shares of Vulcan Materials by 146.5% during the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after purchasing an additional 104 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VMC shares. Citigroup cut their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Raymond James dropped their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. UBS Group started coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price on the stock. Finally, Truist Financial raised their price target on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $272.02 on Wednesday. The stock has a market capitalization of $35.92 billion, a P/E ratio of 42.90, a P/E/G ratio of 2.12 and a beta of 0.84. Vulcan Materials has a 12-month low of $225.36 and a 12-month high of $298.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The firm’s 50-day moving average is $270.58 and its two-hundred day moving average is $260.80.

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.