Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in shares of Vulcan Materials (NYSE:VMC) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,993 shares of the construction company’s stock after selling 2,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Vulcan Materials were worth $3,457,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. First Personal Financial Services boosted its holdings in Vulcan Materials by 74.5% in the fourth quarter. First Personal Financial Services now owns 342 shares of the construction company’s stock valued at $34,000 after acquiring an additional 146 shares during the last quarter. Ipswich Investment Management Co. Inc. acquired a new position in Vulcan Materials in the fourth quarter valued at $34,000. Massey Quick Simon & CO. LLC acquired a new position in Vulcan Materials in the fourth quarter valued at $66,000. Arlington Partners LLC acquired a new position in Vulcan Materials in the third quarter valued at $111,000. Finally, JNBA Financial Advisors acquired a new position in Vulcan Materials in the third quarter valued at $111,000. Hedge funds and other institutional investors own 96.62% of the company’s stock.
A number of brokerages recently weighed in on VMC. Nomura upgraded Vulcan Materials from a “neutral” rating to a “buy” rating and lifted their target price for the company from $100.00 to $140.00 in a report on Thursday, December 6th. Stephens set a $125.00 target price on Vulcan Materials and gave the company a “buy” rating in a report on Wednesday, October 17th. Barclays reiterated a “buy” rating and issued a $132.00 target price on shares of Vulcan Materials in a report on Thursday, October 18th. Zacks Investment Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 18th. Finally, Deutsche Bank began coverage on Vulcan Materials in a report on Thursday, January 3rd. They issued a “buy” rating and a $116.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $121.73.
Shares of NYSE VMC opened at $105.29 on Wednesday. Vulcan Materials has a 1 year low of $82.52 and a 1 year high of $134.44. The stock has a market cap of $13.79 billion, a PE ratio of 34.63, a price-to-earnings-growth ratio of 0.97 and a beta of 0.93. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.11 and a current ratio of 1.70.
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About Vulcan Materials
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.
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