Marion Wealth Management Takes $1.18 Million Position in Vulcan Materials (NYSE:VMC)

Marion Wealth Management bought a new stake in Vulcan Materials (NYSE:VMC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,603 shares of the construction company's stock, valued at approximately $1,184,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its position in shares of Vulcan Materials by 5.7% during the 2nd quarter. Private Advisor Group LLC now owns 4,732 shares of the construction company's stock worth $1,177,000 after buying an additional 255 shares during the period. American Century Companies Inc. lifted its holdings in shares of Vulcan Materials by 3.6% during the second quarter. American Century Companies Inc. now owns 27,803 shares of the construction company's stock valued at $6,914,000 after acquiring an additional 970 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Vulcan Materials by 2.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 21,790 shares of the construction company's stock valued at $5,372,000 after acquiring an additional 566 shares during the period. Thoroughbred Financial Services LLC bought a new stake in shares of Vulcan Materials in the 2nd quarter worth about $225,000. Finally, William Blair Investment Management LLC grew its holdings in shares of Vulcan Materials by 13.7% in the 2nd quarter. William Blair Investment Management LLC now owns 145,800 shares of the construction company's stock worth $36,258,000 after purchasing an additional 17,584 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Trading Up 1.7 %

Shares of VMC stock traded up $4.21 during trading hours on Monday, reaching $255.90. The company had a trading volume of 732,843 shares, compared to its average volume of 634,789. 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 company has a 50 day moving average of $274.46 and a 200 day moving average of $258.29. The firm has a market cap of $33.79 billion, a price-to-earnings ratio of 40.36, a P/E/G ratio of 2.67 and a beta of 0.83.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business posted $2.29 earnings per share. The company's revenue for the quarter was down 8.3% on a year-over-year basis. On average, equities research analysts anticipate that Vulcan Materials will post 7.16 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on VMC. UBS Group started coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They issued a "buy" rating and a $349.00 price target on the stock. Stephens restated an "overweight" rating and issued a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, January 2nd. Citigroup reduced their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. increased 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. Finally, Barclays boosted their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $296.18.

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.

Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials (NYSE:VMC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.