Choreo LLC Boosts Stock Position in Vulcan Materials (NYSE:VMC)

Choreo LLC lifted its position in shares of Vulcan Materials (NYSE:VMC) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,611 shares of the construction company’s stock after purchasing an additional 138 shares during the period. Choreo LLC’s holdings in Vulcan Materials were worth $1,704,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings 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 worth $1,332,431,000 after purchasing an additional 884,580 shares during the period. State Street Corp raised its stake 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 in the last quarter. FMR LLC raised its stake 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 in the last quarter. Geode Capital Management LLC raised its stake 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake 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 in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VMC has been the subject of a number of research reports. Citigroup decreased their price target 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. Stephens reissued an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a research note on Thursday, January 2nd. UBS Group initiated coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target for the company. Raymond James decreased their price target 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, Truist Financial raised their target price 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. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $301.18.

Vulcan Materials Price Performance

Shares of VMC opened at $272.65 on Friday. The company has a market capitalization of $36.01 billion, a P/E ratio of 43.00, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $269.82 and a 200 day moving average of $261.12. Vulcan Materials has a twelve month low of $225.36 and a twelve month high of $298.31.

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.