Artemis Investment Management LLP Acquires 162,567 Shares of Vulcan Materials (NYSE:VMC)

Artemis Investment Management LLP lifted its holdings in shares of Vulcan Materials (NYSE:VMC) by 67.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 402,106 shares of the construction company’s stock after purchasing an additional 162,567 shares during the period. Vulcan Materials comprises about 1.5% of Artemis Investment Management LLP’s investment portfolio, making the stock its 13th biggest position. Artemis Investment Management LLP owned 0.30% of Vulcan Materials worth $103,434,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after purchasing an additional 884,580 shares during the last quarter. State Street Corp grew its position 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 worth $1,322,546,000 after buying an additional 65,163 shares during the last quarter. FMR LLC increased its stake in shares of Vulcan Materials by 2.2% during the third quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock valued at $916,807,000 after buying an additional 78,271 shares during the period. Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 33,061 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Vulcan Materials by 18.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after acquiring an additional 330,433 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Up 0.4 %

VMC stock opened at $270.28 on Friday. The stock has a market capitalization of $35.69 billion, a P/E ratio of 42.63, a P/E/G ratio of 1.97 and a beta of 0.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. Vulcan Materials has a 1-year low of $219.73 and a 1-year high of $298.31. The business has a fifty day moving average price of $272.63 and a 200-day moving average price of $258.85.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. Vulcan Materials’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.29 earnings per share. Equities analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VMC. Stephens reissued an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Barclays upped their target price 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 lifted their price target on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Raymond James cut 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. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials 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.