Quilter Plc Has $1.51 Million Stock Holdings in Vulcan Materials (NYSE:VMC)

Quilter Plc raised its holdings in Vulcan Materials (NYSE:VMC) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,872 shares of the construction company’s stock after buying an additional 440 shares during the period. Quilter Plc’s holdings in Vulcan Materials were worth $1,510,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in Vulcan Materials by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after acquiring an additional 884,580 shares during the period. State Street Corp boosted its holdings in shares of Vulcan Materials by 1.2% during the 3rd quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock valued at $1,322,546,000 after acquiring an additional 65,163 shares in the last quarter. FMR LLC boosted its holdings in shares of Vulcan Materials by 2.2% during the 3rd quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock valued at $916,807,000 after acquiring an additional 78,271 shares in the last quarter. Geode Capital Management LLC raised its position in Vulcan Materials by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock worth $826,644,000 after purchasing an additional 33,061 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position 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 purchasing an additional 330,433 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Down 1.6 %

NYSE:VMC opened at $272.65 on Monday. The firm has a 50 day moving average of $269.51 and a 200 day moving average of $261.21. The stock has a market capitalization of $36.01 billion, a price-to-earnings ratio of 43.00, a PEG 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 quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays lifted their price objective on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their target price 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. UBS Group began coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target on the stock. Truist Financial upped their target price 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. Finally, Stephens reiterated an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $301.18.

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.