Tokio Marine Asset Management Co. Ltd. Purchases 161 Shares of Vulcan Materials (NYSE:VMC)

Tokio Marine Asset Management Co. Ltd. raised its position in shares of Vulcan Materials (NYSE:VMC) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,065 shares of the construction company’s stock after purchasing an additional 161 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Vulcan Materials were worth $1,046,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Vulcan Materials in the 3rd quarter worth approximately $30,000. Concord Wealth Partners purchased a new stake in shares of Vulcan Materials during the 3rd quarter worth approximately $35,000. Washington Trust Advisors Inc. raised its holdings in shares of Vulcan Materials by 240.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after acquiring an additional 113 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Vulcan Materials during the 3rd quarter worth approximately $42,000. Finally, Asset Dedication LLC raised its holdings in shares of Vulcan Materials by 146.5% during the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after acquiring an additional 104 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Price Performance

VMC opened at $271.38 on Tuesday. Vulcan Materials has a 12-month low of $225.36 and a 12-month high of $298.31. 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 fifty day simple moving average is $270.96 and its 200-day simple moving average is $260.70. The company has a market capitalization of $35.84 billion, a price-to-earnings ratio of 42.80, a PEG ratio of 2.12 and a beta of 0.83.

Analysts Set New Price Targets

VMC has been the topic of several recent research reports. Citigroup decreased their price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their target price on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Stephens reissued an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Barclays boosted their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Truist Financial boosted their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus 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.