Vulcan Materials Company (NYSE:VMC) Shares Bought by Sargent Investment Group LLC

Sargent Investment Group LLC grew its holdings in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 18.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 7,117 shares of the construction company's stock after acquiring an additional 1,086 shares during the quarter. Sargent Investment Group LLC's holdings in Vulcan Materials were worth $1,660,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VMC. Opal Wealth Advisors LLC acquired a new stake in shares of Vulcan Materials during the first quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Vulcan Materials during the fourth quarter valued at $30,000. Generali Asset Management SPA SGR purchased a new stake in Vulcan Materials in the 4th quarter worth about $32,000. Kapitalo Investimentos Ltda purchased a new stake in Vulcan Materials in the 4th quarter worth about $35,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Vulcan Materials in the 4th quarter worth about $46,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Stock Up 1.4%

NYSE VMC opened at $266.77 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.42 and a quick ratio of 1.51. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $298.31. The business's 50-day moving average is $265.31 and its 200 day moving average is $256.53. The stock has a market capitalization of $35.24 billion, a PE ratio of 37.84, a PEG ratio of 2.38 and a beta of 0.82.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.20. Vulcan Materials had a net margin of 12.50% and a return on equity of 12.91%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. Sell-side analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, August 14th. Vulcan Materials's dividend payout ratio (DPR) is currently 27.80%.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $270.00, for a total value of $405,000.00. Following the transaction, the senior vice president directly owned 2,832 shares in the company, valued at $764,640. This represents a 34.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VMC has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Citigroup reaffirmed a "buy" rating on shares of Vulcan Materials in a research note on Monday, March 24th. Argus raised Vulcan Materials to a "strong-buy" rating in a research note on Thursday, April 24th. Stephens set a $315.00 price target on Vulcan Materials and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Raymond James Financial cut their price target on Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $302.91.

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.

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