Sumitomo Mitsui Trust Group Inc. Buys 3,959 Shares of Vulcan Materials (NYSE:VMC)

Sumitomo Mitsui Trust Group Inc. grew its stake in Vulcan Materials (NYSE:VMC) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 294,010 shares of the construction company’s stock after buying an additional 3,959 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Vulcan Materials worth $75,628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in VMC. Oakworth Capital Inc. increased its position in Vulcan Materials by 5.9% during the 4th quarter. Oakworth Capital Inc. now owns 4,234 shares of the construction company’s stock valued at $1,089,000 after purchasing an additional 236 shares during the period. Clayton Financial Group LLC boosted its stake in shares of Vulcan Materials by 2.1% in the 4th quarter. Clayton Financial Group LLC now owns 9,463 shares of the construction company’s stock valued at $2,434,000 after purchasing an additional 198 shares during the last quarter. Choreo LLC increased its position in shares of Vulcan Materials by 2.1% during the fourth quarter. Choreo LLC now owns 6,611 shares of the construction company’s stock worth $1,704,000 after buying an additional 138 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Vulcan Materials by 25.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,968 shares of the construction company’s stock worth $3,136,000 after buying an additional 2,395 shares during the last quarter. Finally, Sargent Investment Group LLC lifted its holdings in Vulcan Materials by 47.1% in the fourth quarter. Sargent Investment Group LLC now owns 6,031 shares of the construction company’s stock valued at $1,544,000 after buying an additional 1,932 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Performance

VMC opened at $272.65 on Monday. Vulcan Materials has a 1-year low of $225.36 and a 1-year high of $298.31. The company has a market cap of $36.01 billion, a price-to-earnings ratio of 43.00, a PEG ratio of 2.14 and a beta of 0.84. The company’s fifty day moving average price is $269.51 and its two-hundred day moving average price is $261.21. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VMC shares. Raymond James decreased their price target on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. UBS Group began coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price for the company. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Truist Financial lifted 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. Finally, Stephens reissued an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, January 2nd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and an average price target of $301.18.

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.