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

Allspring Global Investments Holdings LLC cut its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,921,651 shares of the construction company's stock after selling 208,886 shares during the period. Vulcan Materials accounts for 0.8% of Allspring Global Investments Holdings LLC's holdings, making the stock its 12th largest position. Allspring Global Investments Holdings LLC owned about 1.46% of Vulcan Materials worth $491,151,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in shares of Vulcan Materials by 16.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company's stock worth $65,000 after buying an additional 36 shares during the last quarter. United Asset Strategies Inc. lifted its holdings in shares of Vulcan Materials by 1.1% during the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company's stock worth $938,000 after purchasing an additional 39 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Vulcan Materials by 2.3% during the third quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company's stock worth $498,000 after purchasing an additional 44 shares during the period. Golden State Equity Partners lifted its holdings in shares of Vulcan Materials by 4.5% during the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company's stock worth $275,000 after purchasing an additional 47 shares during the period. Finally, Valley Brook Capital Group Inc. lifted its holdings in shares of Vulcan Materials by 5.1% during the third quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company's stock worth $257,000 after purchasing an additional 50 shares during the period. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Up 0.5 %

Shares of NYSE:VMC traded up $1.25 during midday trading on Friday, hitting $270.58. 927,825 shares of the company's stock were exchanged, compared to its average volume of 647,540. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The stock has a 50 day moving average price of $267.64 and a 200-day moving average price of $261.55. The company has a market cap of $35.73 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84. Vulcan Materials has a 12 month low of $225.36 and a 12 month high of $298.31.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.49 per share. This is an increase from Vulcan Materials's previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a dividend yield of 0.72%. Vulcan Materials's payout ratio is presently 29.02%.

Analyst Upgrades and Downgrades

VMC has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price target 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. StockNews.com upgraded shares of Vulcan Materials from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Citigroup dropped their target price on shares of Vulcan Materials from $325.00 to $301.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, Stephens restated an "overweight" rating and issued a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.