Sumitomo Mitsui Trust Group Inc. Boosts Stock Holdings in Vulcan Materials (NYSE:VMC)

Sumitomo Mitsui Trust Group Inc. grew its position in Vulcan Materials (NYSE:VMC) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,010 shares of the construction company’s stock after purchasing an additional 3,959 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Vulcan Materials were worth $75,628,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of 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 valued at $1,332,431,000 after acquiring an additional 884,580 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Vulcan Materials by 18.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock valued at $533,551,000 after purchasing an additional 330,433 shares during the period. Ceredex Value Advisors LLC increased its position in shares of Vulcan Materials by 136.3% during the 3rd 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Vulcan Materials by 32.0% during the 3rd 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 boosted its holdings in shares of Vulcan Materials by 67.9% in the 4th 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 during the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Trading Down 1.6 %

Shares of Vulcan Materials stock opened at $272.65 on Monday. The company’s 50-day moving average price is $269.51 and its 200-day moving average price is $261.21. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. Vulcan Materials has a 12-month low of $225.36 and a 12-month high of $298.31. The company has a market cap of $36.01 billion, a price-to-earnings ratio of 43.00, a PEG ratio of 2.14 and a beta of 0.84.

Analysts Set New Price Targets

VMC has been the subject of a number of research analyst reports. 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 report on Wednesday, November 27th. Raymond James decreased their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. Barclays upped their price target on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. UBS Group initiated coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective for the company. Finally, StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $301.18.

About Vulcan Materials

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.