Sargent Investment Group LLC Has $1.54 Million Stock Position in Vulcan Materials (NYSE:VMC)

Sargent Investment Group LLC boosted its stake in shares of Vulcan Materials (NYSE:VMC) by 47.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,031 shares of the construction company’s stock after buying an additional 1,932 shares during the period. Sargent Investment Group LLC’s holdings in Vulcan Materials were worth $1,544,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Vulcan Materials in the 3rd quarter valued at approximately $30,000. Concord Wealth Partners purchased a new stake in shares of Vulcan Materials in the third quarter valued at $35,000. Washington Trust Advisors Inc. boosted its position in shares of Vulcan Materials by 240.4% in the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after buying an additional 113 shares during the period. Capital Performance Advisors LLP acquired a new position in Vulcan Materials during the third quarter valued at $42,000. Finally, Asset Dedication LLC lifted its stake in Vulcan Materials by 146.5% in the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after acquiring an additional 104 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of research analyst reports. 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 for the company. Citigroup lowered their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Barclays increased their price objective on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Raymond James dropped their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. boosted their price target on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $301.18.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $272.02 on Wednesday. Vulcan Materials has a fifty-two week low of $225.36 and a fifty-two week high of $298.31. The company has a market cap of $35.92 billion, a PE ratio of 42.90, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. The firm has a fifty day moving average price of $270.58 and a two-hundred day moving average price of $260.80. 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 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.