Public Employees Retirement System of Ohio raised its position in Vulcan Materials (NYSE:VMC) by 37.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,220 shares of the construction company’s stock after buying an additional 26,035 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of Vulcan Materials worth $9,408,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of VMC. Massachusetts Financial Services Co. MA raised its stake in shares of Vulcan Materials by 17.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,107,631 shares of the construction company’s stock valued at $405,835,000 after purchasing an additional 608,504 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Vulcan Materials by 20.6% in the 4th quarter. Principal Financial Group Inc. now owns 3,271,027 shares of the construction company’s stock valued at $323,178,000 after purchasing an additional 557,792 shares in the last quarter. Marshall Wace North America L.P. raised its stake in shares of Vulcan Materials by 110.7% in the 3rd quarter. Marshall Wace North America L.P. now owns 1,030,674 shares of the construction company’s stock valued at $114,611,000 after purchasing an additional 541,504 shares in the last quarter. Morgan Stanley raised its stake in shares of Vulcan Materials by 5.0% in the 3rd quarter. Morgan Stanley now owns 6,423,074 shares of the construction company’s stock valued at $714,246,000 after purchasing an additional 303,986 shares in the last quarter. Finally, Scopus Asset Management L.P. acquired a new stake in shares of Vulcan Materials in the 3rd quarter valued at about $30,024,000. 95.81% of the stock is owned by institutional investors.
VMC traded up $0.70 on Friday, hitting $122.80. 1,355,186 shares of the company’s stock were exchanged, compared to its average volume of 1,019,152. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 1.77 and a beta of 0.93. Vulcan Materials has a twelve month low of $82.52 and a twelve month high of $133.59. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 0.53.
VMC has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Vulcan Materials from a “c+” rating to a “b-” rating in a research note on Friday, February 1st. Berenberg Bank initiated coverage on shares of Vulcan Materials in a research note on Wednesday, April 3rd. They issued a “hold” rating and a $115.00 target price on the stock. Goldman Sachs Group upgraded shares of Vulcan Materials from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, March 6th. Deutsche Bank increased their price objective on shares of Vulcan Materials to $125.00 and gave the stock a “buy” rating in a research note on Friday, February 15th. Finally, Citigroup dropped their price objective on shares of Vulcan Materials from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $123.31.
In other Vulcan Materials news, insider David P. Clement sold 2,789 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $114.28, for a total value of $318,726.92. Following the sale, the insider now owns 4,340 shares in the company, valued at $495,975.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is currently owned by company insiders.
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Vulcan Materials Company Profile
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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