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

Marion Wealth Management purchased a new position in shares of Vulcan Materials (NYSE:VMC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,603 shares of the construction company’s stock, valued at approximately $1,184,000.

Several other hedge funds also recently made changes to their positions in VMC. United Asset Strategies Inc. boosted its position in shares of Vulcan Materials by 1.1% in the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock valued at $938,000 after acquiring an additional 39 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Vulcan Materials by 2.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock valued at $498,000 after acquiring an additional 44 shares in the last quarter. Marcum Wealth LLC lifted its position in shares of Vulcan Materials by 5.7% during the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock valued at $214,000 after acquiring an additional 46 shares during the period. Golden State Equity Partners grew its holdings in shares of Vulcan Materials by 4.5% during the 3rd 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 in the last quarter. Finally, Valley Brook Capital Group Inc. increased its position in shares of Vulcan Materials by 5.1% in 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 Trading Up 1.7 %

Shares of VMC stock traded up $4.21 during mid-day trading on Monday, reaching $255.90. 732,843 shares of the stock traded hands, compared to its average volume of 634,789. The company has a market cap of $33.79 billion, a price-to-earnings ratio of 40.36, a price-to-earnings-growth ratio of 2.67 and a beta of 0.83. 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’s fifty day simple moving average is $274.46 and its two-hundred day simple moving average is $258.29. Vulcan Materials has a 1-year low of $219.73 and a 1-year high of $298.31.

Vulcan Materials (NYSE:VMC) last posted its earnings results 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 return on equity of 11.88% and a net margin of 11.43%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business earned $2.29 earnings per share. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. On average, research analysts anticipate that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Truist Financial boosted their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup reduced their target price on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, UBS Group began coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price objective for the company. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $296.18.

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.