Allspring Global Investments Holdings LLC Has $491.15 Million Stock Position in Vulcan Materials (NYSE:VMC)

Allspring Global Investments Holdings LLC cut its holdings in Vulcan Materials (NYSE:VMC) by 9.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,921,651 shares of the construction company’s stock after selling 208,886 shares during the period. Vulcan Materials makes up approximately 0.8% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 12th largest position. Allspring Global Investments Holdings LLC’s holdings in Vulcan Materials were worth $491,151,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Vulcan Materials by 19.9% during the 3rd 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 boosted its holdings in shares of Vulcan Materials by 1.2% in the 3rd quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock valued at $1,322,546,000 after purchasing an additional 65,163 shares in the last quarter. FMR LLC boosted its holdings in shares of Vulcan Materials by 2.2% in the 3rd quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock valued at $916,807,000 after purchasing an additional 78,271 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Vulcan Materials by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock worth $826,644,000 after buying an additional 33,061 shares in the last quarter. Finally, Stockbridge Partners LLC boosted its stake in Vulcan Materials by 9.6% in the third quarter. Stockbridge Partners LLC now owns 1,568,564 shares of the construction company’s stock valued at $392,815,000 after buying an additional 137,365 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Down 0.4 %

Vulcan Materials stock opened at $267.49 on Wednesday. The firm has a 50 day moving average price of $269.13 and a two-hundred day moving average price of $261.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. Vulcan Materials has a 52-week low of $225.36 and a 52-week high of $298.31. The firm has a market cap of $35.33 billion, a price-to-earnings ratio of 42.19, a PEG ratio of 2.14 and a beta of 0.84.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Raymond James lowered their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Truist Financial increased 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. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. 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. Finally, Stephens restated an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus target price 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.