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Vulcan Materials Company $VMC Shares Bought by Korea Investment CORP
Korea Investment CORP increased its stake in Vulcan Materials Company (VMC) by 36.4% in the third quarter, now owning 80,941 shares valued at $24.89 million. Other institutional investors like Principal Financial Group Inc. and JPMorgan Chase & Co. also significantly boosted their holdings. Wall Street analysts have a “Moderate Buy” rating for VMC, with a consensus price target of $326.29, and the company recently increased its quarterly dividend to $0.52 per share.