Cullinan Associates Inc. Decreases Position in Vulcan Materials (NYSE:VMC)

Cullinan Associates Inc. decreased its holdings in shares of Vulcan Materials (NYSE:VMC) by 26.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,100 shares of the construction company’s stock after selling 400 shares during the quarter. Cullinan Associates Inc.’s holdings in Vulcan Materials were worth $283,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in Vulcan Materials by 19.9% during 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 purchasing an additional 884,580 shares during the last quarter. State Street Corp lifted its stake in Vulcan Materials by 1.2% during the third quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock worth $1,322,546,000 after purchasing an additional 65,163 shares during the last quarter. FMR LLC lifted its stake in Vulcan Materials by 2.2% during the third quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock worth $916,807,000 after purchasing an additional 78,271 shares during the last quarter. Geode Capital Management LLC lifted its stake in Vulcan Materials by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock worth $826,644,000 after purchasing an additional 33,061 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Vulcan Materials by 18.4% during 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 last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Up 0.3 %

NYSE:VMC opened at $272.02 on Wednesday. The stock has a fifty day moving average price of $270.58 and a two-hundred day moving average price of $260.80. The stock has a market capitalization of $35.92 billion, a price-to-earnings ratio of 42.90, a PEG ratio of 2.12 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 has a 1 year low of $225.36 and a 1 year high of $298.31.

Wall Street Analysts Forecast Growth

VMC has been the topic of several research analyst reports. Barclays lifted their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Stephens reaffirmed an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, January 2nd. UBS Group initiated coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Finally, StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus price target 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.