Tokio Marine Asset Management Co. Ltd. Grows Stock Position in Vulcan Materials (NYSE:VMC)

Tokio Marine Asset Management Co. Ltd. raised its holdings in Vulcan Materials (NYSE:VMC) by 4.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,065 shares of the construction company’s stock after acquiring an additional 161 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Vulcan Materials were worth $1,046,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in Vulcan Materials in the third quarter valued at about $30,000. Concord Wealth Partners acquired a new position in shares of Vulcan Materials in the third quarter valued at about $35,000. Washington Trust Advisors Inc. increased its holdings 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 valued at $40,000 after purchasing an additional 113 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Vulcan Materials in the third quarter valued at about $42,000. Finally, Asset Dedication LLC increased its holdings in shares of Vulcan Materials by 146.5% in the third 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 period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Stock Down 1.0 %

Shares of VMC opened at $271.38 on Tuesday. 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 stock’s 50 day moving average is $270.96 and its two-hundred day moving average is $260.70. The firm has a market cap of $35.84 billion, a P/E ratio of 42.80, a PEG ratio of 2.12 and a beta of 0.83.

Analysts Set New Price Targets

VMC has been the topic of a number of research reports. 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 on the stock. Citigroup cut their price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Stephens reissued an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. Raymond James cut their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Finally, Truist Financial increased their price objective on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” 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 data from MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials 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.