Legato Capital Management LLC Invests $743,000 in Vulcan Materials (NYSE:VMC)

Legato Capital Management LLC acquired a new stake in Vulcan Materials (NYSE:VMC) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,890 shares of the construction company’s stock, valued at approximately $743,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VMC. Geneos Wealth Management Inc. raised its holdings in shares of Vulcan Materials by 16.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock valued at $65,000 after buying an additional 36 shares during the last quarter. United Asset Strategies Inc. increased its position in Vulcan Materials by 1.1% in the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock valued at $938,000 after acquiring an additional 39 shares during the period. Sequoia Financial Advisors LLC raised its stake in Vulcan Materials by 2.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock valued at $498,000 after acquiring an additional 44 shares in the last quarter. Golden State Equity Partners boosted its position in Vulcan Materials by 4.5% during the 3rd quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock worth $275,000 after acquiring an additional 47 shares during the period. Finally, Valley Brook Capital Group Inc. grew its stake in shares of Vulcan Materials by 5.1% in the third quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company’s stock worth $257,000 after purchasing an additional 50 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on VMC shares. UBS Group assumed 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 on the stock. Raymond James dropped their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Truist Financial raised their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Citigroup cut their target price 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. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Price Performance

NYSE VMC opened at $269.75 on Friday. Vulcan Materials has a 1 year low of $225.36 and a 1 year high of $298.31. The business’s fifty day moving average is $268.32 and its two-hundred day moving average is $261.45. The stock has a market capitalization of $35.62 billion, a P/E ratio of 42.55, a P/E/G ratio of 2.14 and a beta of 0.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86.

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.