Vaughan Nelson Investment Management L.P. Raises Holdings in Vulcan Materials (NYSE:VMC)

Vaughan Nelson Investment Management L.P. raised its stake in Vulcan Materials (NYSE:VMC) by 4.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 250,385 shares of the construction company’s stock after purchasing an additional 11,765 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Vulcan Materials were worth $64,406,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in Vulcan Materials in the third quarter valued at approximately $30,000. Concord Wealth Partners acquired a new stake in shares of Vulcan Materials in the 3rd quarter valued at $35,000. Washington Trust Advisors Inc. raised its holdings in shares of Vulcan Materials by 240.4% in the 3rd 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 purchased a new stake in shares of Vulcan Materials during the 3rd quarter worth $42,000. Finally, Asset Dedication LLC grew its stake in shares of Vulcan Materials by 146.5% during the third 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. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Down 1.6 %

Shares of NYSE:VMC opened at $272.65 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The firm has a market cap of $36.01 billion, a price-to-earnings ratio of 43.00, a PEG ratio of 2.14 and a beta of 0.84. The stock’s 50-day moving average price is $269.51 and its two-hundred day moving average price is $261.20. Vulcan Materials has a 12-month low of $225.36 and a 12-month high of $298.31.

Analysts Set New Price Targets

VMC has been the topic of a number of analyst reports. 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 note on Friday, November 1st. JPMorgan Chase & Co. boosted 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. Citigroup lowered their price target on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. UBS Group began coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 price objective for the company. Finally, Stephens reissued an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, January 2nd. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Vulcan Materials presently 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.