Quilter Plc Raises Stock Position in Vulcan Materials (NYSE:VMC)

Quilter Plc increased its position in shares of Vulcan Materials (NYSE:VMC) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 reporting period.

A number of other large investors have also recently made changes to their positions in VMC. Ashton Thomas Securities LLC acquired a new stake in shares of Vulcan Materials in the third quarter valued at approximately $30,000. Concord Wealth Partners purchased a new position in shares of Vulcan Materials in the third quarter valued at $35,000. Washington Trust Advisors Inc. increased 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 buying an additional 113 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Vulcan Materials during the third quarter valued at $42,000. Finally, Asset Dedication LLC boosted 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 valued at $44,000 after acquiring an additional 104 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $272.65 on Monday. The business has a 50 day moving average price of $269.51 and a 200 day moving average price of $261.21. Vulcan Materials has a twelve month low of $225.36 and a twelve month high of $298.31. The company 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 company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VMC shares. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Stephens reiterated an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Citigroup reduced their price target on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Raymond James dropped their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Finally, UBS Group initiated coverage on Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price for the company. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Vulcan Materials presently has a consensus 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.