Sargent Investment Group LLC Buys 1,563 Shares of Vulcan Materials (NYSE:VMC)

Sargent Investment Group LLC raised its stake in shares of Vulcan Materials (NYSE:VMC) by 61.6% in the 3rd quarter, Holdings Channel reports. The firm owned 4,099 shares of the construction company’s stock after acquiring an additional 1,563 shares during the period. Sargent Investment Group LLC’s holdings in Vulcan Materials were worth $1,027,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SouthState Corp grew its holdings in Vulcan Materials by 669.2% during the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after buying an additional 87 shares in the last quarter. Kings Path Partners LLC bought a new stake in Vulcan Materials in the second quarter worth $27,000. Ashton Thomas Securities LLC purchased a new stake in Vulcan Materials during the third quarter valued at $30,000. UMB Bank n.a. lifted its stake in shares of Vulcan Materials by 61.8% in the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after purchasing an additional 47 shares during the last quarter. Finally, Concord Wealth Partners purchased a new stake in Vulcan Materials in the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Down 1.1 %

VMC traded down $3.05 during trading on Thursday, hitting $284.66. 220,734 shares of the company’s stock were exchanged, compared to its average volume of 841,445. Vulcan Materials has a 1 year low of $209.39 and a 1 year high of $298.31. The stock has a 50 day moving average price of $254.71 and a 200 day moving average price of $253.79. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The firm has a market cap of $37.59 billion, a P/E ratio of 45.38, a price-to-earnings-growth ratio of 2.77 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The company’s revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.29 earnings per share. As a group, analysts expect that Vulcan Materials will post 7.2 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be given a $0.46 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.84 annualized dividend and a yield of 0.65%. Vulcan Materials’s dividend payout ratio (DPR) is 29.02%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VMC. Barclays raised their price target on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. UBS Group started coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target on the stock. Truist Financial raised their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. cut their target price on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, Stephens lowered their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and an average price target of $280.46.

Vulcan Materials Company 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.