Capstone Wealth Management LLC Purchases New Position in Vulcan Materials (NYSE:VMC)

Capstone Wealth Management LLC acquired a new position in Vulcan Materials (NYSE:VMC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,526 shares of the construction company's stock, valued at approximately $907,000. Vulcan Materials comprises 0.9% of Capstone Wealth Management LLC's portfolio, making the stock its 17th largest position.

A number of other hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Vulcan Materials during the 3rd quarter valued at $811,000. Campbell Newman Asset Management Inc. purchased a new stake in Vulcan Materials during the 4th quarter valued at $15,719,000. Franklin Resources Inc. raised its stake in Vulcan Materials by 284.9% during the 3rd quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company's stock valued at $11,104,000 after buying an additional 33,051 shares during the last quarter. Fiduciary Alliance LLC purchased a new stake in Vulcan Materials during the 4th quarter valued at $612,000. Finally, Heritage Family Offices LLP purchased a new stake in Vulcan Materials during the 4th quarter valued at $994,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on VMC. UBS Group began coverage on Vulcan Materials in a research note on Thursday, November 7th. They issued a "buy" rating and a $349.00 price objective for the company. Stephens restated an "overweight" rating and issued a $325.00 price objective on shares of Vulcan Materials in a research note on Thursday, January 2nd. StockNews.com upgraded Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Barclays upped their price objective on Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. Finally, Raymond James reduced their price objective 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. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $301.18.

Vulcan Materials Price Performance

Vulcan Materials stock traded down $1.08 during mid-day trading on Wednesday, hitting $274.45. The stock had a trading volume of 210,184 shares, compared to its average volume of 638,934. The firm's 50 day moving average is $271.94 and its 200 day moving average is $259.37. Vulcan Materials has a one year low of $219.73 and a one year high of $298.31. The firm has a market capitalization of $36.24 billion, a P/E ratio of 43.29, a P/E/G ratio of 2.12 and a beta of 0.83. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42.

Vulcan Materials (NYSE:VMC - Get Free Report) 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). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company earned $2.29 EPS. The firm's revenue for the quarter was down 8.3% on a year-over-year basis. On average, sell-side analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

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.