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

Swedbank AB lifted its holdings in Vulcan Materials (NYSE:VMC) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,100 shares of the construction company’s stock after acquiring an additional 200 shares during the period. Swedbank AB’s holdings in Vulcan Materials were worth $540,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smith Group Asset Management LLC bought a new stake in Vulcan Materials in the fourth quarter worth approximately $514,000. Sumitomo Life Insurance Co. increased its stake in shares of Vulcan Materials by 123.1% in the 4th quarter. Sumitomo Life Insurance Co. now owns 28,242 shares of the construction company’s stock valued at $7,265,000 after acquiring an additional 15,584 shares in the last quarter. R Squared Ltd bought a new stake in shares of Vulcan Materials in the 4th quarter valued at $121,000. Deane Retirement Strategies Inc. lifted its position in shares of Vulcan Materials by 161.6% during the 4th quarter. Deane Retirement Strategies Inc. now owns 17,301 shares of the construction company’s stock valued at $4,450,000 after acquiring an additional 10,688 shares during the period. Finally, BSW Wealth Partners boosted its stake in Vulcan Materials by 4.4% during the fourth quarter. BSW Wealth Partners now owns 1,487 shares of the construction company’s stock worth $383,000 after acquiring an additional 63 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Stock Down 0.8 %

Vulcan Materials stock opened at $274.26 on Monday. Vulcan Materials has a fifty-two week low of $223.90 and a fifty-two week high of $298.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The firm’s 50-day simple moving average is $270.96 and its 200 day simple moving average is $260.66. The stock has a market cap of $36.22 billion, a PE ratio of 43.26, a price-to-earnings-growth ratio of 2.10 and a beta of 0.83.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VMC shares. UBS Group started coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 price objective on the stock. Citigroup cut 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. Stephens restated an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. Truist Financial increased their target price on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.