Massachusetts Wealth Management Lowers Stock Holdings in Vulcan Materials (NYSE:VMC)

Massachusetts Wealth Management reduced its position in Vulcan Materials (NYSE:VMC) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,700 shares of the construction company’s stock after selling 50 shares during the quarter. Massachusetts Wealth Management’s holdings in Vulcan Materials were worth $1,466,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of VMC. Principal Financial Group Inc. raised its stake in shares of Vulcan Materials by 19.9% during the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after acquiring an additional 884,580 shares in the last quarter. State Street Corp lifted its stake in Vulcan Materials by 1.2% in the third quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock worth $1,322,546,000 after purchasing an additional 65,163 shares during the last quarter. FMR LLC lifted its stake in Vulcan Materials by 2.2% in the third quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock worth $916,807,000 after purchasing an additional 78,271 shares during the last quarter. Geode Capital Management LLC boosted its position in Vulcan Materials by 1.0% during the third 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 period. 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 buying an additional 330,433 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VMC has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Citigroup dropped their price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Raymond James decreased their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, UBS Group assumed coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective on the stock. Four research 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $301.18.

Vulcan Materials Price Performance

Shares of VMC stock opened at $272.02 on Wednesday. The business’s fifty day moving average is $270.58 and its 200 day moving average is $260.80. 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 stock has a market cap 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 twelve month low of $225.36 and a twelve month high of $298.31.

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.