Allspring Global Investments Holdings LLC Sells 208,886 Shares of Vulcan Materials (NYSE:VMC)

Allspring Global Investments Holdings LLC trimmed its holdings in Vulcan Materials (NYSE:VMC) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,921,651 shares of the construction company’s stock after selling 208,886 shares during the period. Vulcan Materials comprises about 0.8% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 12th largest holding. Allspring Global Investments Holdings LLC owned about 1.46% of Vulcan Materials worth $491,151,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VMC. Ashton Thomas Securities LLC acquired a new position in shares of Vulcan Materials during the third quarter worth about $30,000. Concord Wealth Partners acquired a new stake in shares of Vulcan Materials in the third quarter valued at approximately $35,000. Washington Trust Advisors Inc. lifted its position in shares of Vulcan Materials by 240.4% in the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after purchasing an additional 113 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Vulcan Materials in the third quarter valued at $42,000. Finally, Asset Dedication LLC lifted its position in Vulcan Materials by 146.5% during the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after buying an additional 104 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Stephens reiterated an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd. Citigroup cut their price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a report on Monday, January 6th. 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 target price on the stock. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Raymond James dropped their target price 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 research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $301.18.

Vulcan Materials Stock Down 0.4 %

Vulcan Materials stock opened at $267.49 on Wednesday. The company’s 50-day moving average price is $269.13 and its two-hundred day moving average price is $261.39. 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 $35.33 billion, a P/E ratio of 42.19, a P/E/G ratio of 2.14 and a beta of 0.84. Vulcan Materials has a twelve month low of $225.36 and a twelve month high of $298.31.

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.