Vulcan Materials (NYSE:VMC) Shares Acquired by Greenleaf Trust

Greenleaf Trust boosted its holdings in Vulcan Materials (NYSE:VMC) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,857 shares of the construction company’s stock after buying an additional 73 shares during the quarter. Greenleaf Trust’s holdings in Vulcan Materials were worth $735,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after buying an additional 884,580 shares during the last quarter. State Street Corp grew its position in Vulcan Materials by 1.2% in the third quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock worth $1,322,546,000 after buying an additional 65,163 shares during the last quarter. FMR LLC grew its position in Vulcan Materials by 2.2% in the third quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock worth $916,807,000 after buying an additional 78,271 shares during the last quarter. Geode Capital Management LLC grew its position in Vulcan Materials by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock worth $826,644,000 after buying an additional 33,061 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in 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 buying an additional 330,433 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. UBS Group assumed coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target on the stock. Barclays raised their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. raised their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Raymond James decreased their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Finally, Citigroup decreased their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $301.18.

Vulcan Materials Trading Up 0.3 %

Shares of NYSE:VMC opened at $272.02 on Wednesday. The firm has a fifty day moving average of $270.58 and a two-hundred day moving average of $260.80. The firm has a market capitalization of $35.92 billion, a P/E ratio of 42.90, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. Vulcan Materials has a 12-month low of $225.36 and a 12-month 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.

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.