2,890 Shares in Vulcan Materials (NYSE:VMC) Acquired by Legato Capital Management LLC

Legato Capital Management LLC acquired a new stake in Vulcan Materials (NYSE:VMC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,890 shares of the construction company’s stock, valued at approximately $743,000.

A number of other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Vulcan Materials by 19.9% in 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 purchasing an additional 884,580 shares during the period. State Street Corp lifted its holdings in Vulcan Materials by 1.2% in the 3rd 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 lifted its holdings in Vulcan Materials by 2.2% in the 3rd 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 boosted its position in Vulcan Materials by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock valued at $826,644,000 after buying an additional 33,061 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of 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 valued at $533,551,000 after acquiring an additional 330,433 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

VMC opened at $269.75 on Friday. 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 company’s 50-day moving average price is $268.32 and its 200 day moving average price is $261.45. Vulcan Materials has a fifty-two week low of $225.36 and a fifty-two week high of $298.31. The firm has a market cap of $35.62 billion, a price-to-earnings ratio of 42.55, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84.

Analyst Ratings Changes

VMC has been the topic of several recent analyst reports. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Citigroup cut their target price on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Stephens reissued an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, January 2nd. Barclays upped their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Truist Financial raised their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $301.18.

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.