Vulcan Materials (NYSE:VMC) Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC raised its position in shares of Vulcan Materials (NYSE:VMC) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,319 shares of the construction company’s stock after buying an additional 280 shares during the quarter. Calamos Advisors LLC’s holdings in Vulcan Materials were worth $13,715,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Vulcan Materials during the 3rd quarter valued at approximately $811,000. Smith Group Asset Management LLC bought a new position in shares of Vulcan Materials in the 4th quarter worth about $514,000. Campbell Newman Asset Management Inc. acquired a new position in shares of Vulcan Materials in the 4th quarter valued at about $15,719,000. Franklin Resources Inc. grew its position in shares of Vulcan Materials by 284.9% during the 3rd quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock valued at $11,104,000 after buying an additional 33,051 shares during the last quarter. Finally, Fiduciary Alliance LLC bought a new stake in shares of Vulcan Materials during the 4th quarter valued at about $612,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Stephens restated an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, January 2nd. Barclays raised their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Truist Financial increased their target price on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group began coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target for the company. Finally, Raymond James dropped their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $301.18.

Vulcan Materials Stock Down 1.0 %

VMC stock opened at $271.38 on Tuesday. The firm’s 50-day moving average is $270.96 and its two-hundred day moving average is $260.70. The company has a market capitalization of $35.84 billion, a price-to-earnings ratio of 42.80, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. Vulcan Materials has a 52 week low of $225.36 and a 52 week high of $298.31. 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 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.