Swedbank AB Purchases 200 Shares of Vulcan Materials (NYSE:VMC)

Swedbank AB grew its holdings in shares of Vulcan Materials (NYSE:VMC) by 10.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,100 shares of the construction company’s stock after purchasing an additional 200 shares during the quarter. Swedbank AB’s holdings in Vulcan Materials were worth $540,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VMC. Ashton Thomas Securities LLC bought a new position in Vulcan Materials in the 3rd quarter worth approximately $30,000. Concord Wealth Partners bought a new position in shares of Vulcan Materials in the third quarter worth $35,000. Washington Trust Advisors Inc. grew its position in shares of Vulcan Materials by 240.4% in the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after purchasing an additional 113 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Vulcan Materials during the 3rd quarter valued at $42,000. Finally, Asset Dedication LLC lifted its holdings in 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. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Down 0.8 %

VMC opened at $274.26 on Monday. Vulcan Materials has a one year low of $223.90 and a one year 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 business has a 50 day simple moving average of $270.96 and a two-hundred day simple moving average of $260.66. The firm has a market capitalization of $36.22 billion, a price-to-earnings ratio of 43.26, a PEG ratio of 2.10 and a beta of 0.83.

Analyst Ratings Changes

VMC has been the topic of several analyst reports. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Stephens reaffirmed an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd. JPMorgan Chase & Co. raised their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Truist Financial upped their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Barclays lifted 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. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Vulcan Materials has an average 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.