Vulcan Materials (NYSE:VMC) Shares Bought by Caprock Group LLC

Caprock Group LLC grew its stake in Vulcan Materials (NYSE:VMC) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,189 shares of the construction company’s stock after purchasing an additional 148 shares during the quarter. Caprock Group LLC’s holdings in Vulcan Materials were worth $563,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new stake in Vulcan Materials in the 3rd quarter worth about $30,000. Concord Wealth Partners acquired a new stake in shares of Vulcan Materials in the third quarter worth approximately $35,000. Washington Trust Advisors Inc. boosted its stake in shares of Vulcan Materials by 240.4% in the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after acquiring an additional 113 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Vulcan Materials during the third quarter worth approximately $42,000. Finally, Asset Dedication LLC raised its stake in Vulcan Materials by 146.5% in the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock valued at $44,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VMC. JPMorgan Chase & Co. lifted their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Truist Financial upped 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. Raymond James cut their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Citigroup lowered their target price on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, UBS Group began coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target for the company. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Stock Up 0.3 %

Shares of NYSE:VMC opened at $272.02 on Wednesday. The company 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. Vulcan Materials has a 12-month low of $225.36 and a 12-month high of $298.31. The business has a 50-day moving average price of $270.58 and a 200 day moving average price of $260.80. 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 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.