Sargent Investment Group LLC Takes $1.65 Million Position in Vulcan Materials Company $VMC

Sargent Investment Group LLC purchased a new stake in Vulcan Materials Company (NYSE:VMC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,786 shares of the construction company’s stock, valued at approximately $1,650,000.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Vulcan Materials by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,293,316 shares of the construction company’s stock worth $397,795,000 after purchasing an additional 3,931 shares during the period. Swiss Life Asset Management Ltd lifted its position in Vulcan Materials by 67.8% during the third quarter. Swiss Life Asset Management Ltd now owns 14,320 shares of the construction company’s stock worth $4,405,000 after purchasing an additional 5,787 shares during the period. Interval Partners LP grew its stake in Vulcan Materials by 82.9% during the third quarter. Interval Partners LP now owns 152,645 shares of the construction company’s stock worth $46,957,000 after buying an additional 69,189 shares in the last quarter. London & Capital Asset Management Ltd grew its stake in Vulcan Materials by 26.4% during the third quarter. London & Capital Asset Management Ltd now owns 108,087 shares of the construction company’s stock worth $33,248,000 after buying an additional 22,545 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Vulcan Materials by 57.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 155,291 shares of the construction company’s stock valued at $47,759,000 after buying an additional 56,475 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VMC shares. Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Wall Street Zen upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Stephens lifted their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. restated a “neutral” rating and set a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Finally, Berenberg Bank set a $283.00 target price on Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, June 2nd. Seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $326.92.

Vulcan Materials Stock Down 0.1%

VMC stock opened at $286.21 on Monday. The firm has a 50-day moving average price of $282.62 and a 200-day moving average price of $290.04. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $37.14 billion, a P/E ratio of 34.03, a price-to-earnings-growth ratio of 2.07 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.25. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. As a group, equities research analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 22nd. Vulcan Materials’s payout ratio is presently 24.73%.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.