Quotient Wealth Partners LLC Has $451,000 Stake in Vulcan Materials (NYSE:VMC)

Quotient Wealth Partners LLC lowered its holdings in Vulcan Materials (NYSE:VMC) by 30.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,752 shares of the construction company’s stock after selling 760 shares during the period. Quotient Wealth Partners LLC’s holdings in Vulcan Materials were worth $451,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in shares of 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 valued at $1,332,431,000 after acquiring an additional 884,580 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Vulcan Materials by 18.4% in the third 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 period. Ceredex Value Advisors LLC raised its stake in Vulcan Materials by 136.3% in the third quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company’s stock valued at $89,117,000 after purchasing an additional 205,260 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Vulcan Materials by 32.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company’s stock worth $184,353,000 after purchasing an additional 178,634 shares during the period. Finally, Artemis Investment Management LLP grew its stake in Vulcan Materials by 67.9% during the fourth quarter. Artemis Investment Management LLP now owns 402,106 shares of the construction company’s stock worth $103,434,000 after buying an additional 162,567 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $272.65 on Monday. The firm 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. 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 business’s 50-day moving average price is $269.51 and its 200-day moving average price is $261.21. Vulcan Materials has a 12 month low of $225.36 and a 12 month high of $298.31.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VMC shares. Barclays boosted their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Stephens restated an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, January 2nd. Truist Financial raised their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Raymond James reduced 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. Four 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 has a consensus rating of “Moderate Buy” and an average price target of $301.18.

Vulcan Materials Company 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.